Bitcoin, Dogecoin, Ethereum & Co. Am Freitagnachmittag – Tesla CEO Elon Musk “strongly” agrees with Ethereum founder Vettel Bitrin about the partnership between Dogecoin and Ethereum. “If we have a secure bridge to Ethereum,” Buterin said. “That would be amazing.”
Vitalik Buterin, the founder of Ethereum, talked about the possible cooperation between Ethereum and Dogecoin in an interview with EA researcher Lex Friedman last week.
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“A guy like Elon Musk is a force behind the rise of cryptocurrency,” said Friedman, who frequently tweets about the Tesla and SpaceX CEO Dogecoin. Then he asked Butters. “Is there a way to harness this power and improve Ethereum?” Buterin said:
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If DOGE somehow wants to bridge with Ethereum, and people can sell DOGE thousands of times per second in one spin, that would be great.
“I definitely don’t think Ethereum is against dog coins,” emphasized the association. “I want fans to feel that Ethereum is, at least in a small way, a dog at heart.”
He explained. “I think if we have a secure Doge-to-Ethereum bridge. It will be amazing and when Ethereum gains any leverage that works for Ethereum assets you will be able to trade bundled DOGE with very low transaction fees and very fast speeds.
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Commenting on Musk’s move to support Dogecoin, Buterin said: “If you attribute very subtle malicious activity or some dirty intent to the whole process, you would be wrong.” He is a people person and loves dogs like me.
Ethereum is currently transitioning from a Proof-of-Work (PoW) consensus model to a Proof-of-Stake (PoS) model. Buterin recently explained why the reform is taking longer than expected.
“The biggest problem I’ve found with our project is not technical problems, but people problems… Ethereum is in a better economic phase now, but it took us five years to get to where we are now.” During these five years, we have had many internal team conflicts. If you were making a team, who would you be? It’s important to know that they work,” said the Ethereum founder.
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Last month, Musk offered some updates for Dogecoin, saying he was in contact with DOGE developers. Musk wrote: “Ideally, Doge will increase the block time by 10x, increase the block size by 10x, and decrease the fee by 100x. Then he hands down.”
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An Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests are bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.
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Transaction fees on the Ethereum network are falling again after a brief spike on April 5, when the average fee rose to $43 per transaction. After 12 days, the average Ether fee dropped to $10 per transaction, and moderate… Read more.
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The Fed’s Billard wants to raise the bank rate to 3.5 percent by the end of the year, hinting at a 75 basis point rate hike.
The CEO of Ripple Labs said that the US Securities and Exchange Commission (SEC) lawsuit against him and his XRP company “went very well.” He insisted. “This issue is important not only for Ripple, but … Read more. Representation of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin in this chart on June 29, 2021 placed on a computer motherboard. / Dado Ruvik / Illustration / File photo
July 14 () – Federal Reserve Chairman Jerome Powell said on Wednesday that one of the US central bank’s strongest arguments for creating digital currencies could be to reduce the importance of private alternatives such as cryptocurrencies and stable metals.
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Asked at a congressional hearing whether having a federal digital currency would be a more viable option in the payment system than cryptocurrencies or stable metals, Powell said he agreed. A stablecoin is a currency that tends to peg its value to a common currency such as the US dollar.
“I think it can be done, and I think that’s one of the arguments in favor of digital currency,” Powell said during a hearing before the US House Financial Services Committee. “You don’t need a specific stablecoin, you don’t need a cryptocurrency, if you can have an American digital currency, I think that’s one of the strongest arguments for it.”
Fed officials will explore the world of digital payments in a discussion paper to be released in early September, Powell said. He described it as an important step in speeding up the Fed’s efforts to decide whether to issue a central bank digital currency, or CBCC.
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Powell said he doubts crypto assets will become a mainstream payment in the US, but said stablecoins could gain more traction. However, he said more regulation is needed before stablecoins can take a bigger role in the financial system.
“We have a strong regulatory framework around bank deposits, like money market funds,” Powell said. “This does not currently exist for stablecoins, and if they become an important part of the payment universe, we do not think that they will be crypto assets, but stablecoins can be, then we need an appropriate regulatory framework .”
Powell’s comments echoed those of Fed Governor Lyle Brainard, who said in May that households and businesses could be harmed by a deregulated payment system that is too stable. Read more
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Fed officials may face a tough debate as some politicians try to push ahead with a digital version of the dollar, making CBCC unnecessary.
Fed Supervisory Vice President Randall Quarles said in June that he believed any CBCC proposal would have to clear a “high bar.” “Before we jump on the bandwagon, I think we need to carefully analyze the potential of CBDC,” Quarles said. Read more
Powell reiterated Wednesday that he would consult with Congress and the public if the Fed moves forward with creating the CBCC. As the holder of the world’s reserve currency, he has repeatedly said that it is more important for the United States to “fix” than to move quickly. We are an advertising supported competition service. Our goal is to help you make better financial decisions by providing interactive tools and financial calculators, publishing original and factual content, researching and comparing data to make confident financial decisions for free.
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Elon Musk Agrees With Vitalik Buterin On Dogecoin And Ethereum Collaboration
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