Elon Musk considers Dogecoin to be superior to Shiba Inu (SHIB) and Bitcoin as a means of payment. Elon Musk prefers Dogecoin over Bitcoin and Shiba Inu as a means of payment. Detail cryptocoin.com‘in.
Superior to SHIB and BTC
Elon Musk believes that Dogecoin is a far superior form of payment compared to Bitcoin and Shiba Inu. The Tesla boss liked a tweet posted by Billy Markus, co-founder of the original dog-themed coin, comparing the transaction fees of the three aforementioned cryptocurrencies.
Earlier this week, Dogecoin rolled out a highly anticipated software update to reduce the cost of transactions on the network to just 0.01 DOGE per kilobyte (roughly $0.002), as reported by sources. Due to the recent performance improvement, Dogecoin is much cheaper to send than Bitcoin and Ethereum based Shiba Inu. Last month, Musk confirmed that he does not own any SHIB tokens, but that hasn’t stopped the second-largest meme coin from hitting record highs and briefly overtaking Dogecoin. In late May, the famous billionaire escalated his argument with Bitcoiners after he took the side of Bitcoin Cash supporters in a debate about transaction fees. In August, Musk agreed with fellow entrepreneur Mark Cuban that Dogecoin is the strongest cryptocurrency when it comes to being a medium of exchange.
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