After Musk issued a call for dogecoin upgrade ideas, Hoskinson made a video outlining the challenges associated with improving a cryptocurrency like dogecoin—which is based on litecoin, itself a fork of bitcoin.
"My hope is that a compromise can be made where real developers come in and they start working on doge to create some use and utility for it so at least it has a value floor and won't collapse," Hoskinson told Fridman, adding it would be"two or three years" before dogecoin could work as a modern cryptocurrency but he isn't averse to the idea of dogecoin and cardano working together—"It would be a lot of fun," said Hoskinson.
Dogecoin has seen little developer activity since it was created in 2013 with its critics warning that the majority of dogecoin tokens are held by a relatively small group of wallets. Despite its shortcomings, the dogecoin price has surged this year, picking up investors alongside meme-stocks such as Gamestop and AMC and racking up a market capitalization of $36 billion.
The soaring popularity of dogecoin has been fueled by support from major cryptocurrency exchanges keen not to miss out on trading fees. The San Francisco-based Coinbase, one of the world's most popular crypto exchanges, added support for dogecoin just this month.
Stop giving your money to Elon Musk! Lol this guy is playing yall
DOUBLE DEATH CROSS ☠is here BITCOIN gets REJECTED. AGAIN and AGAIN 😡 34K and will keep FALLING below 8,000 DRAGGING DOGECOIN UNDER .10 CENTS 😫 SELL BITCOIN and DOGECOIN NOW😡~~ CUT YOUR LOSSES!! 😫 CUT YOUR LOSSES! 😡
Rickonia
Now its time to shiba inu elonmusk
nice
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