Cardano’s Co-founder and IOHK’s CEO wants to Lend a Hand to Elon Musk to Improve Dogecoin

Charles Hoskinson, the co-founder of Cardano (ADA) and CEO of IOHK, has published a detailed, explanatory video titled “How to repair DOGE” on Twitter where he explained step-by-step how utility and effectiveness can be given to Dogecoin. His latest video comes at a time just after Tesla CEO Elon Musk said that he’s working with the cryptocurrency developers at the iconic shiba for improving “the efficiency of system transactions”.

In his explanatory video, Charles Hoskinson proposes to replace Scrypt (the current consensus protocol of Dogecoin) with the Prism protocol. By doing this, the Dogecoin network can achieve a transaction rate of up to 10,000 transactions per second.

Cardano’s boss also suggested the DOGE team adopt the HashCore algorithm so that the mining market of DOGE coins becomes more accessible, efficient, and competitive. With the adoption of the HashCore algorithm, it will become possible to mine DOGE with the help of non-specialized machines and therefore resist electricity-guzzling ASICs.

For making the Dogecoin network compatible with smart contracts, Charles Hoskinson has recommended in his explanatory video that the Dogecoin network should use the ErgoScript programming language. He also specified that it would be good for this dog-themed meme coin to become resistant to potential future attacks from quantum computers.

Benefit from experienced traders with copy trading on NapBots https://NapBots.com 1 week free trial ! Discover more than 20 strategies dedicated to crypto-currencies, on the most liquid pairs (BTC, ETH …).NapBots allow novices to trade crypto easily and help traders save a lot of time! Bots work tirelessly to scan the markets and navigate through volatility to try to capture profitable trends.