Elon Musk made important statements about the crypto world. Among the topics he talked about: Dogecoin, NFT applications, SHIB and Floki. Cryptocoin. com we are looking at the details.
Where is SHIB going?
Elon Musk gave remarkable answers to the questions posed to him. “Have you had a recent conversation with the Dogecoin team?” Musk replied, “I haven’t had any contact recently.” According to Musk, in Dogecoin, “the important thing is to reduce the number of fees, expand the block size and reduce the times. Musk confirmed when a follower named Nakamoto said that Dogecoin should be “fast, scalable, and cheap to ship.” In addition, emphasizing the importance of simplicity, Musk added that it may take time to fully achieve the specified qualities.
“If Dogecoin hits the targets, do you think it could be more practical and efficient as a medium of exchange than something like the Lightning Network?” Elon Musk to a question in the form of: “It may be. Bitcoin was designed with low bandwidth and high latency. “If both continue to improve significantly, we will reach a point where there is no need for a second layer.”
Elon Musk, how much Shib do you hold? Musk, who never answered his question, what do you think about Floki? He simply replied to the question that he was interested in Bitcoin, Ethereum and Dogecoin as well as Dogecoin because of his curiosity. “Don’t invest all your money in crypto!” “The important thing is to build products and serve other people,” Musk said.