Ethereum’s Vitalik Buterin says he loves, and doesn’t fear, dogecoin

Vitalik Buterin, Ethereum’s co-founder, has set the record straight: He is open to lending a hand to dogecoin developers to improve the meme token, opening a possibility of having a bridge to connect it with fellow altcoin, ethereum.

It can be recalled that Buterin has criticized the comments of Tesla’s big boss Elon Musk of making dogecoin better than bitcoin, saying the feat won’t be easy to achieve. “Ideally, doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down,” said the tech billionaire.

The ethereum pioneer moved to clarify the situation, saying he was merely mentioning the technical challenges while also saying he loves the doge.

Show of love for dogecoin

To prove his statement about his love for the 2013 joke cryptocurrency, Buterin shared he visited Japan once and met the actual doge that inspired the meme token named Kabosu.

Relatively famous Japanese blogger Atsuko Sato adopted Kabosu, which was rescued from a puppy farm, from an animal shelter in 2018. The Japanese dog was named after the Kabosu fruit owing to its round face that resembles it.

Moreover, the annual Ethereum Devcon conference accepts the meme crypto as payment and its website also features a doge character. This year, it will take place in Bogota, Colombia but organizers have pushed back its original schedule in August this year.

Dogecoin still slow to recover

Speaking of the meme-based cryptocurrency, following weeks of painful declines, it is slow to make a recovery and start a bullish run.

According to tracking from CoinGecko, dogecoin, at press time, is trading at just above $0.32, starting at an almost 12% price decline for the past 24 hours.

It still remains the 6th largest cryptocurrency by market capitalization, currently standing at more than $42.7 billion.


Image courtesy of Cointelegraph News/YouTube

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