Tesla CEO Elon Musk defends Dogecoin in response to YouTuber Mark Wallace who expressed excitement for an upcoming DOGE update. Elon have described Bitcoin and Ether as slow and costs high, and said Dogecoin is maximizing base layer transaction rates and minimizing transactions costs. Elon has always thought its important to support the reduction of the cryptocurrency’s transaction fees in order for it to remain competitive as proposed by Dogecoin developer, Patrick Lodder.
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