He wants to speed up its block time and block size by 10x, and decrease fees by 100x.
Tesla and SpaceX CEO Elon Musk continues to stir the pot. In reply to a tweet comparing Bitcoin to Dogecoin, he said that the meme coin will win against Bitcoin if major network changes are implemented.
Musk, who has jokingly declared himself the “Dogefather,” tweeted, “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.”
For those bad at math 👆, 100X higher transaction volume with 100X lower fees means total fees earned stay same. Low fees & high volume are needed to become currency of Earth.