Elon Musk tweeted that he has engaged with “Doge devs to improve system transaction efficiency.”
This comes after he tweeted about Tesla ceasing to accept Bitcoin over energy consumption concerns, which sent the entire crypto market downwards.
Dogecoin has received an incredible amount of attention due to Musk. He mentioned the cryptocurrency multiple times while hosting the most recent SNL. It was also recently announced that Dogecoin would be launched to the “literal moon” on a SpaceX rocket in 2022.
Musk has hinted that he was looking into alternative cryptocurrencies for Tesla to accept payments in, and previously polled twitter if they wanted him to accept Dogecoin.
For a project with very little development activity, Dogecoin may be getting much needed renewed attention in terms of development. Critics, however, are noting that Dogecoin is merge mined with Litecoin—another proof of work (PoW) cryptocurrency (like Bitcoin) and thus has similar energy consumption properties.
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