For that, I used ADSL2+ and never perceived the actual downloading of the blocks to be the issue. At the rate of one block per forty-five seconds, it would currently take over two-hundred-and-sixty-three days to complete the whole blockchain as there are more than 506822 blocks as of writing.įrom my personal experience, the initial sync actually took over five days to complete on a 2.5GHz Core i5 notebook with 4GB of RAM running Fedora with Bitcoin Core v0.15.1. My upload speed is low, and latency is high. and validation as well as the transfer) when I have been offline and am catching up on my restricted local 256Kbps link. I am able to download blocks generally in forty-five seconds each (which includes the request time etc. The downloading of the blocks themselves is usually not an issue if you are connected (outbound) to several nodes. It not only depends on downloading the blocks but also on the quantity and complexity of every transaction. Most of the work done is not actually downloading the blocks, it is validating them and every transaction that they contain. Over the past week, SHIB has dropped below the $0.000066 price to hit $0.000044 and stopped at $0.000051 at the time of writing.ĭOGE, on the other hand, has been in a bullish trend over the past 7 days with the price fluctuating between $0.27 and $0.30.Bitcoin Core is capable of full sync in a relatively short period of time depending mainly on the hardware. With statements even from Musk himself at the end of last October, who denied owning SHIB tokens, but rather confirmed that the only crypto-meme he owns is DOGE, SHIB has seen a drop in price, dropping to 11th place by market capitalization. With the explosion of Shiba Inu (SHIB), which since last month seems to have taken a run at the cryptocurrency rankings, catching up with and even surpassing its rival Dogecoin (DOGE), the situation now seems to have changed. Shiba Inu and Dogecoin: the current situation of the two crypto memes The dog belongs to the Japanese breed Shiba Inu. The doubt had arisen from the name SHIBA displayed on the code, which refers to the real face of the dog on Dogecoin. However, while there is no official word on this yet, the user’s test is intended to show that “Order in SHIBA” was referring to Dogecoin (DOGE) and not its ‘killer’ Shiba Inu (SHIB). This might suggest, first of all, that Musk is testing his favourite crypto-meme as a payment method to buy Tesla cars and accessories. This past week, the user showed in a series of 8 tweets that the analysis of Tesla’s source code that shows “Order in SHIBA” as a payment option refers to DOGE. Shiba Inu and Dogecoin: the current situation of the two crypto memesĭOGE possibly being tested to pay for Elon Musk’s Teslas.DOGE possibly being tested to pay for Elon Musk’s Teslas.Of few words, but always very much present when it comes to his favourite crypto meme, the richest man in the world doesn’t miss an opportunity to support it.Īnd so within a month and a half of Musk’s last critical comment on the issue of DOGE’s fees, which he claimed were too high even to buy cinema tickets, it now seems that his desire to see the fees decrease is a reality. You also get bug fixes and performance improvements”. 1.14.5 reduces the recommended fees, following the reduction of the relay fees in 1.14.4. “Core 1.14.5 is out! Users are recommended to update immediately due to important security fixes. You also get bug fixes and performance improvements. #Dogecoin Core 1.14.5 is out! Users are recommended to update immediately due to important security fixes. Elon Musk, in the comments, reinforces the importance of the event and the recommendations. Yesterday, on Twitter, Mishaboar reportedly shared the announcement about the Dogecoin Core 1.14.5 update that took place, recommending users to proceed for important security fixes and to have DOGE transaction fees reduced. Under the announcement tweet, the CEO of Tesla, Elon Musk endorses the message, commenting:ĭogecoin update, reduced fees and Elon Musk’s support Dogecoin has confirmed the Core 1.14.5 upgrade that reduces transaction fees in DOGE.
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