![]() Hoskinson’s choice of script here is Ergo – which underpins the UTXO blockchain protocol behind the ERGO crypto coin. He further highlighted how Dogecoin is not programmable and is therefore limited in applications, and suggested a good underlying language revision for the currency, along with implementing smart contracts. ![]() How to Fix Doge (For Elon Musk) - Charles Hoskinson May 17, 2021 It does so by preventing the unfair computing advantage of these machines over traditional machines. Quantum resistance, or ASIC resistance, prevents people from using quantum computers or ASIC machines in mining cryptocurrencies. ![]() He further advised Musk to implement Hashcore’s proof of work function with Dogecoin, to enable ASIC resistance. In the video, Hoskinson starts by urging Musk to revise Dogecoin into using cryptocurrency Prism’s proof of work protocol in mining the currency, and getting up to 10,000 transactions per second capacity with it – therefore enhancing tradability. Taking to Twitter, Hoskinson posted a nearly 9-minute explainer video titled ‘How to fix Doge (for Elon Musk)’, causing what is right now an avalanche of Musk being tagged all over the post. After its record setting price rally and now-subsequent fall, the latest (but very subtle) critic of the manic ride is Charles Hoskinson, the creator of Ethereum (ETH) and Cardano (ADA). The cryptocurrency was created as a joke, in response to a meme involving a Shiba Inu puppy. Not everyone has been fond of what’s been happening with and around Dogecoin, especially since Tesla and SpaceX chief Elon Musk took to pushing up hype (and therefore the prices) of Dogecoin. ![]()
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