On Thursday, CEO of Robinhood Vladimir Tenev spoke about dogecoin being the future currency of the internet on Twitter.
“Can Doge truly be the future currency of the Internet and the people?” Tenevon Thursday. “As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take. First off, transaction fees have to be vanishingly small. We’re already there. As of last Nov’s 1.14.5 update, typical transaction fees have been ~$0.003 – which you can experience on [Robinhood App] – compared to the 1-3% network fees that major card networks charge,” Tenev added.
The Robinhood CEO further said that the block time should be fast enough to be recorded into the chain in less time than a point-of-sale transaction. “But it shouldn’t be so fast that miners start building up too many competing chains and waste excessive amounts of energy establishing consensus,” Tenev opined. The Robinhood executive continued:
Doge’s current block time is 1 minute. This is a bit on the long side for payments – a ten second block time would be more appropriate as it would be less than the typical time spent completing a debit card transaction.Following Tenev’s Twitter statements, Musk responded after a very active day on Twitter for the Tesla executive.
to the Robinhood CEO. Making the conversation a bit more interesting, Dogecoin co-founder and software engineer Billy Markus added his two cents to the discussion with Tenev and Musk.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Robinhood CEO Explains How Dogecoin Can Become the People's Future CurrencyDogecoin could decrease its inflationary rate and even transform into 'the future currency of the Internet and the people,' claimed Vlad Tenev, CEO of Robinhood.
Weiterlesen »
Robinhood CEO outlines how DOGE could become 'currency of the internet'Vladimir Tenev, the CEO of Robinhood published a 12-post thread in which he outlined the steps that need to be taken if DOGE is to become the future currency of the internet. Hours before Dogecoin creator Jackson Palmer called out Elon Musk for his attempted takeover of Twitter.
Weiterlesen »
Robinhood CEO Explains How Dogecoin Can Become People’s CurrencyDogecoin co-founder Billy Markus and Tesla CEO Elon Musk have already responded to Robinhood CEO Vlad Tenev’s suggestions
Weiterlesen »
Delta’s CEO is bullish on summer travelDelta says COVID has shifted from a pandemic to a manageable virus paving the way for a sweet summer travel season.
Weiterlesen »
Tesla CEO Elon Musk offers to buy Twitter in cash dealElon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company's board of directors.
Weiterlesen »
Amazon CEO Andy Jassy just released his first annual shareholder letterAmazon CEO Andy Jassy published his first annual shareholder letter on Thursday.
Weiterlesen »