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According to experts, the CEO of Tesla, Elon Musk, is pointing fingers at DOGE developers and demanding the Release of the DOGE fees reduction upgrade in this tweet. Regarding this, DOGE developers have already submitted the proposal to the DOGE community, including miners and node validators. After the community decision, if the community’s proposal is accepted, Doge developers will deploy the fees reduction upgrade to the DOGE mainnet. This upgrade will lower DOGE transaction fees from 1DOGE to 0.01 DOGE. Elon Musk is also interested in this upgrade and called it an essential upgrade. The DOGE developers and Elon Musk are also interested in lowering the DOGE transaction fees to even lower than 0.01 DOGE in the future.
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DOGE is proof of work-based currency, just like Bitcoin. But here is the question Why DOGE uses less than 1% of the Bitcoin’s pert transaction energy if both are based on proof of work blockchains. The answer is very simple because DOGE is less complex than Bitcoin. The bitcoin hashing algorithm is called SHA-256 that is complex and highly decentralized. Each Bitcoin block is discovered approximately once every minute, while on the other side, the DOGE hashing algorithm is scrypt based and is less complex than SHA-356. This makes mining of DOGE much faster and less energy intensive than Bitcoin. For the record, DOGE uses less than 1% of Bitcoin’s energy per transaction. Hence the currency Tesla mentioned in the Tesla Bitcoin suspension announcement was DOGE. CEO of Tesla and Bitcoin, Elon Musk, also praises DOGE many times, and once he said that He loves DOGE because DOGE has memes. According to him (Elon Musk), He owns a big bag of DOGE and won’t sell any in the future. So in the tweet “Release the DOGE,” He is requesting DOGE developers to deploy the fees reduction upgrade on the DOGE mainnet so that he can finalize the Tesla DOGE acceptance.
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