Elon Musk discusses important Dogecoin improvements and does not confirm an investment in Shiba Inu-

Von Krypto News Österreich

Elon Musk discusses important Dogecoin improvements and confirms that he is not investing in Shiba Inu. </div> <p> <strong> Elon Musk, CEO von Tesla, has informed the most important dogecoin improvements in his opinion. He also made it clear that he has nothing to do with the Dogecoin Foundation and not invested in the Shiba Inu (Shib) token. Musk confirmed that he only holds three cryptocurrencies. </strong> </p> <h2> Elon Musk about Dogecoin improvements, Shiba Inu token </h2> <p> Elon Musk, CEO of Tesla and SpaceX, published several tweets on cryptocurrency, Bitcoin, Dogecoin and the Shiba-Inu tokens on Sunday. </p> <P> In terms of improvements by Dogecoin, he was asked if he had been in contact with the Doge development team lately. While Musk admitted that he hadn't interacted with them lately, he shared: </p><div class=

What matters is to reduce the fees, the reduction of the block time and increase the block size. A single-layer network with an intermediary as a DE-FACTO layer 2 seems to be the simplest solution for a mediation medium.

Dogecoin Mitschöpfer Billy Markus interfered and replied to Musk's Doge improvement tweet. In his opinion, he emphasized that "that it is sufficient that Dogecoin is quick, scalable and inexpensive", and added that "it does not have to be another Blockchain, the NFTs or other tokens or whatever hosts". Musk replied with a "hundred points" symbol.

Elon Musk discusses important Dogecoin improvements and does not confirm an investment in Shiba Inu

In addition, Musk replied to another Doge supporter who asked: "Do you think that Dogecoin achieves the goals you have set here, then it could be more practical and efficient than something like the Lightning Network as an exchange medium?"

The Tesla manager replied: "Possible. Bitcoin was designed at a time relatively low bandwidth and high latency. If both continue to improve, we will reach a point where no second layer is required."

In August Musk agreed with the billion-dollar owner of the NBA team Dallas Mavericks, Mark Cuban,: "The community for Doge is the is strongest when it comes to using it as a exchange. "

Musk also made it clear on Sunday that he had nothing to do with the Dogecoin Foundation, in response to a comment on Twitter, in which it was said: "Jared Birchall represents Elon Musk, but as all consultants he has no direct voting right. This guarantees that the foundation remains independent and at the same time uses the expertise of Shibes like Elon." The SpaceX CEO wrote:

neither Jared nor me or me that I know have something to do with this foundation.

The Dogecoin Foundation restarted in August. Jared Birchall lists his website as one of his four board consultants and describes him as a "legal and financial advisor" by Musk. Other board consultants are Markus and Vitalik Buterin von Ethereum.

Musk was asked how much Shiba Inu (Shib) holds. The Tesla technology simply answered: "None."

Elon Musk discusses important Dogecoin improvements and does not confirm an investment in Shiba Inu

In addition to Shib, Musk was asked whether he had any investments in several other cryptocurrencies, including , which is named after its Shiba-Inu-Welpen.

Instead of answering every Coin, Musk confirmed that he only owned Bitcoin, ether and Dogecoin. "From curiosity I acquired some Ascii-Hash strings called 'Bitcoin, Ethereum & Doge'. That is it," he confirmed. "As I said, they don't bet the farm on crypto. True value is to build products and offer their fellow human beings, not money in any form."

Musk previously said that his companies, and Tesla only had bitcoin. The electric car manufacturer has published its Q3 profit report this week, which shows: 1.26 billion US dollar in btc

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