Tue, April 23

Elon Musk Agrees With Vitalik on Doge-ETH Bridge

Elon Musk Agrees With Vitalik on Doge-ETH Bridge Altcoin News
  • Vitalik Buterin talks about Ethereum and Dogecoin Collaboration
  • Nearly five years taken to get to where they are now.
  • $25,000 turned into $4.3 million by investing only in DOGE.

Last week Vitalik Buterin, Ethereum Co-founder talked about the collaboration between Ethereum and Dogecoin in one interview with Lex Fridman, Artificial Intelligence Researcher.

According to the CEO of Tesla and SpaceX tweet about dogecoin,  

There’s a power behind someone like Elon Musk pushing the development of a cryptocurrency 

Fridman asked Buterin whether there is a way to leverage that power and momentum to improve Ethereum. Buterin answered if DOGE wants to somehow bridge to Ethereum, and then people can trade DOGE thousands of times a second inside of looping, then that would be amazing.

Moreover, he detailed that he thinks if we can have a secure Doge-to-Ethereum bridge, it would be amazing, and then when Ethereum gets any scalability that works for Ethereum belongings, you would be able to trade wrapped DOGE with very low transaction fees and very high speed as well.

Hence more, Musk commented in the interview that ‘he pretty much agrees with Vitalik’. Buterin explained about the upgrade from a proof-of-work (PoW) to proof-of-stake (PoS), why it’s taking more time than expected.

He said the biggest problems that he found are not technical problems, but the problems are only related to people. Buterin said that it took nearly five years to get to where they are now.

Accordingly, in the previous month, Musk suggested some improvements for Dogecoin. Elon Musk said, “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down”.

 Recently Vitalik Invested $25K in DOGE

The Ethereum co-founder Vitalik Buterin revealed how $25,000 turned into $4.3 million in just 3 years by investing only in DOGE. Moreover, he gave all the away to charity.

Vitalik Buterin described being in Singapore the price of the DOGE erect 775% from $0.008 to $0.07 over a single day. He immediately called up some of his friends and told them to drop everything. Added to this, he sold half of the DOGE, and he got $4.3 million. He donated the profits to charity. And a few hours after he did this, the price then dropped back from nearly $0.07 to $0.04.

Accordingly, after selling half of his DOGE. Buterin felt like an amazing trader till the price went back to $0.04, then to $0.07, then to $0.5. Currently, Ethereum co-founder holds nearly $20 million worth of the Doge token. 

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