![]() ![]() Reacting to a follower who asked him to keep buying Dogecoin too, Musk replied that he will keep purchasing the cryptocurrency.Īlso Read - Elon Musk sued for $258 billion over alleged Dogecoin pyramid schemeĬalled 'Dogefather', Musk has long been a vocal proponent of Dogecoin and tweeted several times in the past to help spike the price of the digital token. In a tweet on Sunday, Musk said: "I will keep supporting Dogecoin." Its price decreased when he criticized the fact that a large portion of Dogecoin’s supply is concentrated to a few holders.As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years.Īmid the 'crypto winter', Dogecoin digital currency has tumbled from its high of nearly $0.74 to just over $0.05 in recent days. For example, Dogecoin’s price increased when Musk said he bought Dogecoin for his son. Anytime Musk tweets about Dogecoin, the price either increases or decreases depending on his sentiment. Musk himself is dubbed the “CEO” of Dogecoin. This year, however, the pump was sustained because of the support of celebrity “supporters,” which include rock band Kiss member Gene Simmons, Dallas Mavericks owner Mark Cuban and Tesla founder Elon Musk. Released as a joke cryptocurrency in 2013, Dogecoin has had numerous “pump and dump” moments in the past. There is no way anyone can lie to this wallet and suddenly make your coins disappear,” one Redditor said. “On this wallet, you own your keys and the software doesn't rely on anyone but you and your network connection. Since the Dogecoin Core is essentially a wallet for $DOGE, when users asked why this is better than having a wallet in a crypto exchange like Binance, users replied that using Dogecoin Core essentially means owning your own keys to your cryptocurrency. Social media and Dogecoin supporters welcomed this good news with a more positive outlook on the future of cryptocurrency. Other items in the update include some translation corrections, fixes to documentation, and increased block download timeouts. “This default setting can be overridden with the -mempoolexpiry parameter by individual node operators to a value (expressed in hours) that makes the most sense for the use cases the node serves,” the update stated. ![]() The update also reduced the time it takes for transactions to get cached in the mempool, from 336 hours down to just 24 hours. The checks are still performed when a block is received and during rescans of the blockchain that is stored locally. ![]() This means the nodes can upload blocks at a much faster rate by removing “integrity checks” that were always performed when a block is sent from one node to another. In its first update since 2019, the key improvement introduced is synchronization speed.
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