The advancement in uplifting the blockchain has not yet succeeded because it is not designed for the purpose.Īlso, crypto mining is highly intensive and consumes a lot of energy. Hoskinson highlights that the Bitcoin blockchain is only for crypto mining in recent times. He believes that the proof-of-work(PoW) consensus mechanism is no longer needed because it is the “gold mine” to get crypto assets.
The noteworthy digital assets can be converted to wrapped Bitcoins on other networks.
Doge is now trading at $0.11645 and trades above all the significant moving averages on the daily time frame.Įarlier on 26 November 2022, Hoskinson said that crypto mining should be stopped. The price in the previous week hit a high of $ 0.15810 and now retraces back 26%, now, the bulls cool off their aggressive heats. The month of Nov looks rewarding for Doge because the coin again came in the bullish momentum. Some crypto analysts believe that the prices of memecoin hiked as Elon Musk acquired twitter.Īlthough it could not be said clearly with conviction, given Elon Musk’s actions and outspokenness about Dogecoin, many believe the centi-billionaire might hold the memecoin.ĭogecoin shows a sweet rally and gains its asset price to 150% from the bottom down in the previous week. Since the last few weeks, Dogecoin prices have risen by more than 110% in just a few days.
Should we pitch to Twitter a post-quantum ultrafast, and identity enabled doge sidechain of Cardano custom built for social networks? #QuantumDoge- Charles Hoskinson October 29, 2022Ĭharles uploaded a video on his Twitter wall titled “Birthday Musings,” saying he is not retiring from the crypto sector.
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