Edited: Is Elon Musk Actually Working With Dogecoin Developers?

A twitter account by name of Bruce Fenton calling himself the lead developer at Dogecoin revealed that Elon Musk never contacted Dogecoin team. His tweet since then has attracted both Bitcoin as well Dogecoin supporters and has sparked a controversy.

Few Days back Dogecoin Co-founder Jackson Palmer showed his disapproval to Elon’s actions in a tweet. Meanwhile, a few online media outlets also reported that Dogecoin developers are working with Elon since 2019.

The billionaire inventor few days back tweeted that he is working with dogecoin developers to improve the system. This tweet comes at a very critical time considering the current bloodbath cryptocurrency market is going through after Tesla stopped bitcoin payments.

Coingape team visited Dogecoin’s github account which shows four developers and Bruce Fenton is not listed as Dogecoin team member at the link.

What Is Elon Musk Planning?

Elon’s tweet that Tesla will no more accept Bitcoin as payment due to its high energy consumption sent whole crypto market into shock. Elon Musk also tweeted that he is working with Dogecoin developers to improve the system.

Post Elon’s tweet, the price of Dogecoin is pushing towards a new all time high. Elon is concerned about high energy consumption due to Bitcoin and clearly considers Dogecoin a better option. Though, Elon haven’t responded to the tweet yet but one of the core developers of the team has denied these rumors.

The post Edited: Is Elon Musk Actually Working With Dogecoin Developers? appeared first on Coingape.

Publication date: 
05/16/2021 - 02:06

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