Dogecoin Doesn’t Want Ethereum
Dogecoin’s founder, Billy Markus, extra famously referred to as Shibetoshi Nakamoto, put out his opinion on Twitter right this moment about what all might add utility to Dogecoin. The three issues he talked about have been:-
1) Companies accepting doge – the extra it may be used as a foreign money, the higher.
2) Utilizing doge as a tipping foreign money – essentially the most pure use case that brings happiness.
3) Dogecoin / Ethereum bridge – permits doge for use with web3.
In response to this, the Tesla CEO said that whereas Dogecoin actually wants extra acceptance, it might do with out an Ethereum bridge.
Ethereum is called the house of the Decentralized Finance because the chain not solely homes essentially the most protocol and TVL in all the DeFi area however that it additionally holds essentially the most utility for each buyers and builders.
As a result of its prominence within the crypto area, the chain serves as a superb alternative for different chains to draw protocol and investments by forming a bridge between the 2 chains.
Nonetheless, in response to Elon’s remark, Shibetoshi stated,
“yeah – personally i see web3 as a developer playground which is why i assist it, tho i additionally suppose it’s not named correctly as i don’t suppose it’ll take over the net, i feel it’s extra similar to “log into some issues together with your crypto pockets + observe digital items”, however i do like the thought of buying digital objects with dogecoin extra seamlessly and having the ability to construct EVM initiatives with dogecoin in thoughts.
ex. an internet site reads your crypto pockets, sees you have got dogecoin, and unlocks some function for you, i feel that provides some utility to doge (sic).”
Now whether or not or not Dogecoin will implement an Ethereum bridge is but to be seen however given Elon’s affect on the meme coin, it couldn’t occur.
In truth, this affect has grown a lot that even the remotest growth surrounding Elon is affecting Dogecoin.
