Elon Musk Says “Important to Support” Proposal to Change Dogecoin Fee – Altcoins Bitcoin News

A proposal to change fees for Dogecoin has been tabled, and Tesla CEO Elon Musk says it’s “important to support him.” “This document proposes a new fee structure and policy for Dogecoin Core that will be rolled out gradually across multiple software versions across the network,” said the Dogecoin developer who submitted the proposal.

Elon Musk signals support for the proposal to change the Dogecoin fee

Elon Musk, CEO of Tesla, has signaled his support for the proposal tabled on Sunday to change the Dogecoin fee policy. Software engineer and Dogecoin developer Ross Nicoll posted on Twitter that “the proposal to change the Dogecoin fee is in place”. Musk replied to his tweet: “Important for the support.”

The proposal to change the Dogecoin fee policy was submitted by Dogecoin developer Patrick Lodder. “This document proposes a new fee structure and guideline for Dogecoin Core, which will gradually be made available across several software versions in the network,” says his proposal.

He stated on Reddit:

TLDR; This proposal to all Dogecoin stakeholders suggests reducing the average fees for standard transactions in the Dogecoin chain by 100x, sharing complete control of all aspects of fees between miners and node operators, relying less on core development and bring back a functional (small) free transaction space that provides incentives to keep the network intact.

Musk started talking about improving Dogecoin back in May. He tweeted that he was “working with Doge developers to improve the efficiency of system transactions. Potentially promising. “

The Tesla CEO also urged anyone interested in helping Doge develop it to submit ideas on Github and the Dogecoin Reddit forum. He tweeted in May: “Ideally, Doge will speed up the block time 10 times, increase the block size 10 times, and decrease the fee 100 times. Then it will undoubtedly win. ”The proposal to change the Dogecoin fee can be found here.

What do you think of Elon Musk’s support for the new Dogecoin fee change proposal? Let us know in the comment section below.

Tags in this story

Doge Developer, Doge Fees, Dogecoin Fee, Dogecoin Fee Change, Dogecoin Fees, Elon Musk, Elon Musk Doge, Elon Musk Dogecoin, Elon Musk Shiba Inu, Elon Musk Support, Fee Change, Fee Change Proposal

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