Dogecoin co-founder proposed to create a cross-chain bridge with Ethereum

Elon Musk responded to the message of Billy Markus by stating that DOGE does not need a bridge

25.04.2022 - 14:50

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2 min

What’s new? Dogecoin co-founder Billy Markus opined that creating a cross-chain bridge with the Ethereum blockchain will add value to the meme cryptocurrency. The bridge will help DOGE’s expansion in the field of Web 3.0, Markus said on Twitter. The developer noted that the involvement of companies accepting digital currency will help strengthen the position of the token. The value of the cryptocurrency can also be increased when it is used as a tip on Twitter.

Source: Twitter.com

Who responded to this proposal of Markus? Tesla and SpaceX CEO Elon Musk responded to the developer’s tweet. He replied that DOGE does not need a bridge with Ethereum. However, he agreed that attracting companies accepting cryptocurrency will benefit it. Using DOGE as a tip, according to Musk, will not be out of place either.

What had happened before? After acquiring a 9,2% stake in Twitter, Musk proposed integrating payments in Dogecoin into the social network to pay for a Twitter Blue subscription.

On April 14, the founder and CEO of the online broker Robinhood, Vlad Tenev, reported that Dogecoin could become the “currency of the internet” in the future. For this to happen, developers should increase the block size to 1GB and then up to 10GB. Now the block size is 1MB, and the throughput of the network is 40 transactions per second (TPS).

On April 22, within the RadioDoge project, the first offline transaction was conducted using the Libdogecoin protocol, which was eventually transferred to the mainnet via Starlink. The transaction amounted to 4,2069 DOGE.

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