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On Thursday, Vladimir Tenev, the co-founder and CEO of the crypto exchange Robinhood explained how Dogecoin could become the “future currency of the Internet and the people” on its Twitter account with over 200k followers.

He started by noting that the DOGE’s low transaction fees of roughly around $0.003 make it a powerful e-cash contender.
He went on to add that the current block size and block time (time between successive blocks being added to the chain and to verify a transaction) of Dogecoin, 1MB and 1 minute respectively, are the primary areas that should be improved for it to gain massive adoption. Notably, the total throughput of the DOGE is around 40 transactions per second (TPS) to which he writes:
“Ideally, the block time should be fast enough that the transaction can be recorded in the next block in less time than it takes to pay at a point of sale terminal. But it shouldn’t be so fast that miners start building up too many competing chains and waste excessive amounts of energy establishing consensus.”
Interestingly, to compete with traditional options like VISA Network, which has a throughput of 65,000 TPS, DOGE would have to increase its total throughput by around 1,625 times. Tenev explained that this can be simply done by increasing the memecoin’s block size limit from 1 MB to 1 GB and eventually to 10 GB.
Calling DOGE’s position in the crypto industry “a new dawn,” the exchange giant Robinhood is known for supporting DOGE and similar tokens.
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