Block Inc and Robinhood CEOs engage in Twitter battle

cnbctv18.com:

Twitter Co-founder Jack Dorsey and Robinhood CEO Vladimir Tenev engaged in a brief Twitter war over Bitcoin's transaction fees. The back-and-forth began when Tenev took to the microblogging platform to express his views on Dogecoin's potential in the future.His first tweet read: "Can #Doge truly be the future currency of the internet and the people? As we added the ability to send/receive DOGE on Robinhood, I've been thinking about what that would take."Can #Doge truly be the future currency of the Internet and the people? As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take.— VLAD (@vladtenev) April 14, 2022In a follow-up tweet, he said that Dogecoin could outperform Visa with respect to transaction speeds.

He predicted that Dogecoin's transactions speed would eventually surpass the 65,000 transactions per second (TPS) that Visa is presently capable of achieving. This is despite the fact that Dogecoin has a current TPS speed of just 40."Doge would need to be able to significantly outperform Visa, which entails increasing throughput by at least 10000x," he wrote.He explained that Dogecoin only needs to increase its block size from 1MB to 1GB to boost its transaction speed.

The transaction speed of blockchains like Ethereum and Bitcoin has been a hot-button topic for years. They have considerably slower TPS speeds than standard digital payment services like Visa and Mastercard, presenting a significant hurdle in the mass adoption of these cryptocurrencies.Also Read: The Greater Fool: The man who bought Jack Dorsey’s first tweet and failed to sell it for $48 mnTenev also addressed criticism around Dogecoin's inflationary nature.