Dogecoin started as a joke, but it is now Elon’s favourite blockchain.
Dogecoin was created to be the ultimate crypto meme, but the world’s richest man Elon Musk takes it very seriously.
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The Dogecoin blockchain had a much greater transactional capacity than Bitcoin.
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He also pointed out that DOGE can currently be used not only to buy merchandise at Tesla and SpaceX.
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Elon musk said I’m mainly supporting Doge frankly, because I think Doge has the memes and dogs and it seems to have a sense of humor and doesn’t take himself too seriously.
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Doge was just designed to be like this ridiculous joke currency, but the actual total transactional throughput capability of Doge is much higher than bitcoin.
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He further emphasized that Dogecoin’s inflationary factor, which allows 5 billion coins to be created annually