Tech tycoon and most notable Dogecoin (CRYPTO: DOGE) fan Elon Musk endorsed the efforts to enhance the cryptocurrency’s community.
What Occurred: Tesla’s (NASDAQ: TSLA) Musk replied to a tweet that gives directions on how to make sure that the Dogecoin community charges are lowered by adopting the newest node software program replace, underlying its significance.
In keeping with the tweet that the tech tycoon introduced consideration to, solely 205 computer systems had been already operating the most recent replace, and there’s a want for extra nodes to replace their software program and new nodes to be deployed.
As soon as the next share of the community’s nodes and new nodes run the brand new software program model, the replace will grow to be efficient.
Why It is Essential: The replace will purportedly enhance the community’s safety and considerably decrease its transaction charges.
In keeping with the tweet, the replace “will enable DOGE to be circulated at a fraction of the present price.”
The publish additionally urges readers to run their very own nodes, noting that it “could be so simple as going to dogecoin.com and downloading the software program on an previous laptop computer.”
Worth Motion: In keeping with CoinMarketCap data, Dogecoin is buying and selling at $0.2734 at press time after gaining 1.52% over the past 24 hours.
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