Lately I've been seeing tweets from Elon Musk and Matt Wallace who very often glorify Dogecoin and even they both seem to dislike BTC and ETH, thus saying that the Dogecoin transaction system is faster and cheaper than BTC and ETH, even Elon Musk himself immediately said that Dogecoin will be superior to Bitcoin and Ethereum after upgrading.
How do you guys react to this kind of thing?
Elon Musk has indeed been able to pump up the price of Dogecoin from 0, and this is something that has never been done by other investors. Although some of us argue that Elon Musk is manipulating market prices. Of course if we have Dogecoin, we can sell it at the price stated on the exchange (no manipulation).
But speaking of transaction speed, almost all coins have high transaction speeds, Bitcoin, Ethereum, Tron and many other coins. However this depends on the transaction fee setting. In contrast to the transaction speed on tokens. The transaction speed of the Ethereum token is slightly slower than the transaction speed of the Tron token. But this again depends on transaction fees.
Well, talking high and low transaction fees so don't be judged by the exchange rate with $. But we can compare with the number of coins issued each time a transaction.
Transaction fees on Dogechain wallets reach 2 DOGE, while Ethereum transaction fees on MEW wallets are 0.0006 ETH, Bitcoin transaction fees on Bitcoin Core wallets are 0.00001 BTC. So in this case it is clear that Dogecoin transaction fees are higher compared to others.
So regarding transaction fees, Elon Musk still doesn't understand, and is still new to the blockchain transaction fee context.