In this sense, Musk’s response was simple but forceful. In a few minutes, it was retweeted by more than 1,300 people predicting a new boost for the cryptocurrency due to the strong support of the businessman.
The launch that took place nine days ago, according to GitHub, prepares the Dogecoin network to reduce fees.
The post on GitHub says that in the new version several bugs have been fixed and network performance improved in various directions. Now, the Dogecoin developers urge all users to implement this update and thus improve the performance of the entire network.
The update can be easily installed over the current 1.14 installation, without having to uninstall, re-index, or re-download. The update is preparing the network for a rate reduction. It is the first step in a two-stage upgrade that is required to lower Dogecoin fees.
Musk’s support for Dogecoin
SpaceX, the space travel company owned by eccentric billionaire Elon Musk, has plans to launch advertising pieces into space that can be paid for with the cryptocurrency Dogecoin (DOGE).
According to a Tecnoblog article, SpaceX partnered with Canadian star-up Geometric Energy Corporation (GEC) with the aim of launching a mission to the Moon in 2022, with payments also in cryptocurrency.
Along these lines, the association’s ambitious plans also contemplate the installation of “billboards” on satellites in Earth orbit, to be paid for in DOGE.