Tuesday, October 19, 2021

Elon Musk Supports Dogecoin Co-Founder in His Quest to Make DOGE Users Run Their Own Nodes

Elon Musk, the CEO of electric car company, Tesla, has taken to Twitter to support the Dogecoin co-founder, Billy Markus, in his quest to make DOGE users run their own nodes.

In a series of tweets on 13th October, which caught Elon Musk’s attention, Markus explained the importance of nodes in relation to validating transactions and keeping the blockchain up to date.

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In order to lower transaction fees, in the tweet, Markus urges the community to download 1.14.4 Dogecoin upgrade.

Billy Markus noted:

“I wanted to write something slightly more nuanced about Dogecoin Nodes, so bear with me. Nodes are important. They keep the network moving, validate transactions, and keep the blockchain up to date. It’s good to update to 1.14.4 which will allow for lower transaction fees.

“That being said, the push to get everyone to run their own nodes is simplistic. By far, the most important thing is for mining pools and miners to update to 1.14.4 – miners are who decides which transactions are on the blocks, and so will reject low fee txs unless updating.

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“If no one new made a node and all the existing mining pools updated to 1.14.4, that would be enough for a successful release. In terms of running your own node, that’s great if you want to run a dedicated node that you will always keep up to date. It’s also great to learn more.

“However, running a node on your laptop that gets turned and off is more for you and your learning than it is for the network. You can think of it like torrenting – are you spending more output uploading or downloading? If more downloading, you’re not really helping the network.

“And that’s fine – not everyone needs to help the network. But if people are wondering why I’m not screaming “everyone run a node” at the top of my lungs constantly, it’s because that isn’t really the thing that’s needed short term. What’s needed is for mining pools to update.

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“tl;dr run a node if you want, or not. If you want to contribute to helping the network, you will need to be dedicated to running a full, reliable node, using significant bandwidth, and keeping it up to date. But for 1.14.4’s success, existing node operators need to update.”

Elon Musk Support Markus’s Development Interest

Elon Musk then responded with the “hundred points symbol” emoji to Markus’s joke about those who don’t run their own nodes.


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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