Elon Musk, CEO of Tesla Inc, called the Dogecoin 1.14.4 upgrade’s momentum “significant.”
What Happened
According to the Twitter user “Doge Whisperer,” 205 machines are presently running the newest Dogecoin software update. The user said that the update needs extra nodes in addition to the new nodes.
“A new update will be issued once a greater percentage of new nodes are running,” the user explained, adding, “It helps protect the network & decrease transaction fees.”
This, according to Musk, is important.
Dogecoin developers made a similar request over the weekend, claiming that the 1.14.4 Dogecoin Core upgrade will allow the “upcoming fee reduction and enhance the synchronisation performance.”
Why Does It Matter?
Musk stated in June that supporting the Dogecoin fee decrease was critical. He was responding to a suggestion from DOGE creator Ross Nicoll at the time.
Billy Markus, a co-creator of DOGE, stated earlier this month that implementing the latest DOGE update would not be immediate. The 1.14.1 upgrade is the first of a two-part process to reduce the cost. The introduction of the fee reductions will be in the follow-up version.
Additionally, according to BitInfoCharts, the Dogecoin average transaction fee is 2.44 DOGE ($0.685) at press time. The proposal proposes a 0.01 DOGE default charge rate.
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