• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Blockchain and Public Spending: Elon Musk's Role

user avatar

by Giorgi Kostiuk

9 months ago


Under Elon Musk's leadership, the D.O.G.E. department has highlighted blockchain for monitoring public spending in the US. The focus is on the potential use of Cardano.

Technological Compatibility and Efficiency

Elon Musk suggested possible blockchain integration for efficient tracking of public expenditures. Community members claim Cardano has advanced decentralized technologies.

I advocate that expenditures should be transparent on the public ledger.Darren Kelly

Cardano Seeks a Slice of the Pie

Other blockchain projects, including Ethereum and Solana, are part of the discussion. Cardano's strengths lie in developments like the Plomin hard fork, aligned with transparency and democratization goals.

I offered support to D.O.G.E.Charles Hoskinson

Diverse Opinions on Technology Choice

Various opinions exist on the technology choice for the project. Cardano's long-standing operational history and regulatory compliance could benefit transparent expenditure tracking.

The project is in the discussion phase, and no final technology choice has been made. Monitoring the developments is crucial for understanding future directions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coinbase Stock Declines Amid Mixed Crypto Market Performance

chest

Coinbase's stock fell by 4.81% amid a weak tech sector, while altcoins increased by 4.23%, indicating shifting market dynamics.

user avatarGustavo Mendoza

Cardano Whale Loses 87% in Failed USDA Swap

chest

A dormant Cardano ADA whale executed a costly swap, resulting in significant losses and raising concerns about the platform's DeFi readiness.

user avatarRajesh Kumar

Cryptocurrency Community Reacts Cautiously to IRS Proposal

chest

The cryptocurrency community is showing cautious interest in the IRS proposal, with no formal responses from developers or significant activity spikes observed.

user avatarMiguel Rodriguez

Ethereum Signals Potential for Short-Term Rebound

chest

Recent analysis indicates that Ethereum is flashing a rare technical warning sign for bears, as it has hit a historically oversold MACD reading and a deeply oversold RSI, suggesting a potential demand zone and increased likelihood of a short-term rebound.

user avatarLuis Flores

Ethereum Treasury Firms Struggle Amid Price Crash

chest

Ethereum treasury firms are struggling financially, with 64.3% trading below their market net asset value due to a recent price crash.

user avatarArif Mukhtar

Governor Waller Advocates for Sooner End to Quantitative Easing

chest

Federal Reserve Governor Christopher Waller advocates for an earlier end to the quantitative easing program, citing its contribution to inflation and market distortions.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.