Monday, September 25, 2023
  • Login
BlaQue Crypto News
CRYPTO MARKETCAP
No Result
View All Result
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
BlaQue Crypto News
No Result
View All Result

Elon Musk Says A Dogecoin-Ethereum Bridge Is Not Wanted

by BlaQue Crypto
April 25, 2022
in Bitcoin
Reading Time: 3 mins read
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


Elon Musk’s assist of Dogecoin has been a really public one, ultimately main the meme coin down one of the vital spectacular rallies within the historical past of the crypto market. The billionaire has not relented in his assist for the digital asset too regardless of the decline over the past couple of months and has confirmed that he does certainly maintain the token with no plans to promote it anytime quickly.

Musk has additionally been in assist of varied methods to push the cryptocurrency into the mainstream. Nonetheless, a latest suggestion from Dogecoin creator Billy Markus doesn’t appear to sit down effectively with the billionaire who has expressed this.

Musk Doesn’t Need Dogecoin-Ethereum Bridge

Largely, main tasks within the area need to bridge to the Ethereum blockchain. Ethereum which is the main sensible contracts platform attracts the perfect of the perfect given its vast community utilization and buying energy of its holders. Toeing this line, Dogecoin co-founder Billy Markus put ahead quite a few ideas that might assist to deliver extra utility to the meme coin. 

issues that add utility to #dogecoin:

1) companies accepting doge
– the extra it may be used as a foreign money, the higher

2) utilizing doge as a tipping foreign money
– probably the most pure use case that brings happiness

3) dogecoin / ethereum bridge
– permits doge for use with web3

— Shibetoshi Nakamoto (@BillyM2k) April 24, 2022

Whereas Musk had agreed with nearly all of the proposed enhancements by Markus, he had vehemently opposed the third on the listing which occurred to be a Dogecoin-Ethereum bridge. The bridge which Markus had urged was in a bid to combine the cryptocurrency into web3. This may enable the digital asset for use by merely connecting an internet 3 pockets to an internet site and interacting with it from there utilizing dogecoin tokens.

Associated Studying | Quits? Ross Ulbricht Agrees To Pay U.S. Gov’t Utilizing $3 Billion In Stolen Bitcoins

Moreover, it might additionally elevate the utility of the token by permitting its widespread use of it within the minting, shopping for, and promoting of NFTs.

Musk had nevertheless been towards this Dogecoin-Ethereum bridge by saying it “isn’t wanted.”

First one positively, second is good to have and third isn’t wanted imo

— Elon Musk (@elonmusk) April 24, 2022

The utility of getting a Doge-Ethereum bridge is apparent however evidently the ‘Dogefather’ himself doesn’t need this.

Doge Utilization Rising

There was the adoption of Dogecoin in numerous locations simply based mostly on the recognition of the cryptocurrency alone. Primarily, companies have tried to make the most of its giant consumer base who’re at all times searching for new methods to assist assist the meme coin’s development.

The most recent of those is a Miami church that just lately announced that it might start accepting Dogecoin for donations. Florida’s First Miami Presbyterian Church would be the first to just accept Doge donations and the announcement was made on Twitter in response to Elon Musk’s completely satisfied Easter tweet.

Dogecoin price chart from TradingView.com

DOGE recovers to $0.13 | Supply: DOGEUSD on TradingView.com

The church’s pastor Christopher Benek is seen posing for an image with the Doge image within the background and “Donate with Dogecoin” scrawled above it. 

Associated Studying | Coinbase To Lengthen Its Attain By Buying BtcTurk For $3.2 Billion

It’s a welcome transfer for the Doge neighborhood who expects the meme coin to develop into one of many cost choices on Twitter if Musk’s bid to purchase the social media platform is ultimately accepted by the board.

Featured picture from Bloomberg, chart from TradingView.com





Source link

Tags: Bitcoin NewsBlaQueBlaQue CryptobridgeCrypto NewsDogecoinEthereumElonLatest Crypto NewsMuskNeeded
Previous Post

Liquidations Surpass $300 Million As Bitcoin Touches 40-Day Lows

Next Post

Entersekt and Bonifii Workforce As much as Carry Context-Conscious Authentication Options to Credit score Unions

Related Posts

Crypto Analyst Says Put together For 100% Enhance In Bitcoin Worth As Historic Sample Varieties
Bitcoin

Crypto Analyst Says Put together For 100% Enhance In Bitcoin Worth As Historic Sample Varieties

September 25, 2023
New Cryptocurrency Releases, Listings, and Presales Right this moment – CHECK DM SER, CYBRIA, Benefit Circle
Bitcoin

New Cryptocurrency Releases, Listings, and Presales Right this moment – CHECK DM SER, CYBRIA, Benefit Circle

September 25, 2023
What The Drop In Spot And Derivatives Volumes Means For The Value Of Bitcoin
Bitcoin

What The Drop In Spot And Derivatives Volumes Means For The Value Of Bitcoin

September 24, 2023
Crypto Analyst Factors Out How Lengthy It Will Take For XRP Value To Hit New ATH
Bitcoin

Crypto Analyst Factors Out How Lengthy It Will Take For XRP Value To Hit New ATH

September 24, 2023
Bitcoin Worth Prediction: Technical Indicators Flash Warning of Imminent Downturn
Bitcoin

Bitcoin Worth Prediction: Technical Indicators Flash Warning of Imminent Downturn

September 24, 2023
Compound Value Prediction for As we speak, September 23 – COMP Technical Evaluation
Bitcoin

Compound Value Prediction for As we speak, September 23 – COMP Technical Evaluation

September 24, 2023
Next Post
Entersekt and Bonifii Workforce As much as Carry Context-Conscious Authentication Options to Credit score Unions

Entersekt and Bonifii Workforce As much as Carry Context-Conscious Authentication Options to Credit score Unions

‘Folks Prefer to Root Towards the Winners’

'Folks Prefer to Root Towards the Winners'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
3 causes the Gala crypto value has plunged to file low

3 causes the Gala crypto value has plunged to file low

September 21, 2023
Is Ripple The Motive Behind The XRP Value Fall To Two-Month Lows?

Is Ripple The Motive Behind The XRP Value Fall To Two-Month Lows?

September 12, 2023
Storj Value Prediction for In the present day, September 10 – STORJ Technical Evaluation

Storj Value Prediction for In the present day, September 10 – STORJ Technical Evaluation

September 11, 2023
Defiant Gensler to Revisit Crypto Grievances in Senate, Regardless of XRP, Grayscale Setbacks

Defiant Gensler to Revisit Crypto Grievances in Senate, Regardless of XRP, Grayscale Setbacks

September 11, 2023
Finest Crypto to Purchase Now September 1 – Chainlink, THORChain, TRON

Finest Crypto to Purchase Now September 1 – Chainlink, THORChain, TRON

September 2, 2023
Bitcoin Worth Might See Draw back Thrust Earlier than The Bulls Take A Stand

Bitcoin Worth Might See Draw back Thrust Earlier than The Bulls Take A Stand

September 5, 2023
Greatest Altcoins To Make investments In Proper Now – Sonik, Fetch.ai, Maker, Dogecoin

Greatest Altcoins To Make investments In Proper Now – Sonik, Fetch.ai, Maker, Dogecoin

September 2, 2023
Hackers steal over $4.7M from Uniswap V3 LPs by way of phishing assault

Hackers steal over $4.7M from Uniswap V3 LPs by way of phishing assault

July 14, 2022
Crypto Analyst Says Put together For 100% Enhance In Bitcoin Worth As Historic Sample Varieties

Crypto Analyst Says Put together For 100% Enhance In Bitcoin Worth As Historic Sample Varieties

September 25, 2023
Professional-XRP Lawyer Deaton Exposes Doubtful Ties

Professional-XRP Lawyer Deaton Exposes Doubtful Ties

September 25, 2023
New Cryptocurrency Releases, Listings, and Presales Right this moment – CHECK DM SER, CYBRIA, Benefit Circle

New Cryptocurrency Releases, Listings, and Presales Right this moment – CHECK DM SER, CYBRIA, Benefit Circle

September 25, 2023
TRX Might Rally To $0.095 and Outperform Bitcoin

TRX Might Rally To $0.095 and Outperform Bitcoin

September 25, 2023
What The Drop In Spot And Derivatives Volumes Means For The Value Of Bitcoin

What The Drop In Spot And Derivatives Volumes Means For The Value Of Bitcoin

September 24, 2023
Market Outlook #238 – An Altcoin Dealer’s Weblog

Market Outlook #238 – An Altcoin Dealer’s Weblog

September 25, 2023
Ethereum’s Gasoline Charges Evaluation: Uniswap consumes essentially the most fuel and $70M fuel utilized by an MEV Bot

Ethereum’s Gasoline Charges Evaluation: Uniswap consumes essentially the most fuel and $70M fuel utilized by an MEV Bot

September 24, 2023
What The Drop In Spot And Derivatives Volumes Means For The Value Of Bitcoin

What The Drop In Spot And Derivatives Volumes Means For The Value Of Bitcoin

September 24, 2023
Facebook Twitter LinkedIn Instagram Pinterest Tumblr TikTok Youtube RSS
BlaQue Crypto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at BlaQue Crypto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • Decentralized Finance
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 BlaQue Crypto News.
BlaQue Crypto News is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOINS
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 BlaQue Crypto News.
BlaQue Crypto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 26,040.00 2.06%
  • ethereumEthereum (ETH) $ 1,568.05 1.57%
  • tetherTether (USDT) $ 0.999500 0.05%
  • bnbBNB (BNB) $ 208.07 1.28%
  • xrpXRP (XRP) $ 0.495824 2.78%
  • usd-coinUSDC (USDC) $ 0.999866 0.01%
  • staked-etherLido Staked Ether (STETH) $ 1,567.89 1.57%
  • dogecoinDogecoin (DOGE) $ 0.060583 1.47%
  • cardanoCardano (ADA) $ 0.243309 0.92%
  • solanaSolana (SOL) $ 19.51 0.38%