Elon Musk announced that they are working on improving this cryptocurrency with Dogecoin developers. It seems that Cardano founder Charles Hoskinson is helping out voluntarily. He gave lecture suggestions to Musk through a video.
“How to fix Dogecoin” lesson from Cardano founder Charles Hoskinson to Elon Musk
Cardano (ADA) is one of the most striking coins in the crypto money market. Cardano founder Charles Hoskinson also likes to post various videos on Youtube. Sometimes he also conveys the developments related to ADA.
However, this time Hoskinson released a video for Elon Musk.. Musk has been making frequent comments about Dogecoin lately.. While Hoskinson criticizes Bitcoin technology through an eight-minute video, he teaches Musk how to keep his word and address the shortcomings of Dogecoin.
The video released on Periscope contains valuable information for cryptocurrency developers.. The title of the video is “How to fix Doge (for Elon Musk)”. Straightforward, Hoskinson offers 11 technical advice to Tesla’s billionaire owner. These are the suggestions that will work in keeping Elon Musk’s word. As you know, Musk recently said:
“We are working with Doge developers to improve system processing efficiency.. Potentially promising.”
Working with Doge devs to improve system transaction efficiency. Potentially promising.
— Elon Musk (@elonmusk) May 13, 2021
Bitcoin review by Hoskinson
Dogecoin is a Litecoin fork. Litecoin is a Bitcoin fork. So basically they use the same code. Hoskinson also criticizes the code, saying that Dogecoin is working on a “Nakamoto consensus style b**tan” code. Was it necessary to say something like that? of course. Because the vision for Cardano to emerge was built on the rhetoric that Bitcoin is an old technology.. Still, this is a marketing video he made and it gives purposeful messages.
11 Dogecoin recommendations from Hoskinson to Musk
Then Hoskinson moves on to how to fix Dogecoin and lists his 11 recommendations.
Recommends Prism first. According to him, the best and fastest Proof-Of-Work protocol on the market. The second recommendation is a recommendation for an ASIC mining resistant algorithm. For this, he recommends “HashCore: Proof-Of-Work Functions for General Purpose Processors”. Another document recommendation for ASIC resistance is “Ballon Hashing: Protection Against Sequential Attacks.” He recommends “Revisiting Dificulty Control For Blockchain Systems” for difficulty targeting.
All of his other recommendations have similar documentation and working recommendations.
Related – Elon Musk of Pompliano, Bitcoin and shock claim about Tesla
Hoskinson’s last words to Elon
Hoskinson respectfully says at the end of the video:
“Hope these will be helpful for the Doge community and Elon. And I wish him good luck in rebuilding the cryptocurrency with his super-elite engineers, who I have no doubt as one of the richest men in the world.”
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