Elon Musk tweeted that he is working with 'Doge devs' on Thursday night. "Working with Doge devs to improve system transaction efficiency. Potentially promising," the Space X magnate tweeted.
Working with Doge devs to improve system transaction efficiency. Potentially promising.
— Elon Musk (@elonmusk) May 13, 2021
The update would be the first for Dogecoin since November 2019, when its developers last worked on it.
On Wednesday, Musk announced that Tesla has suspended the use of Bitcoin for purchases of its products and was actively looking for cryptocurrencies that are more sustainable.
“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment. Tesla will not be selling any Bitcoin and we intended to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”
The cryptocurrency markets dipped by $300 Billion after Musk made the announcement on Wednesday.
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