Dogecoin Is a Better Replacement for Bitcoin: Elon Musk
Elon Musk is, once again, using his influence to push Dogecoin (DOGE) into the spotlight. Having cited concerns over the energy consumption and carbon footprint of the Bitcoin Network, Musk has proposed that Dogecoin is a more sustainable future cryptocurrency, given its environmental-friendly nature.
A few days ago, the outgoing billionaire revealed that he is working with Dogecoin developers to give the cryptocurrency a more efficient functionality. This revelation came after Tesla announced that it would halt Bitcoin payments for its vehicles. The electric vehicle manufacturer noted that it would prefer other cryptocurrencies that use less than 1% of Bitcoin’s energy consumption level.
Musk took to Twitter yesterday to highlight the goals he hopes for with the new improvements to Dogecoin. The...
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