• 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

a year 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

Dormant Bitcoin Whale Moves 2,043 BTC After Seven Years

chest

A dormant Bitcoin whale has moved 2,043 BTC after nearly seven years, indicating a potential shift in market dynamics.

user avatarSon Min-ho

Investigation into Crypto Scams Expands Amid Rising Fraud Cases

chest

Federal agencies are intensifying investigations into a surge of crypto-related scams, with significant financial losses reported due to phishing and social engineering tactics.

user avatarAyman Ben Youssef

Daren Li Sentenced to 20 Years for Crypto Romance Scam

chest

Daren Li was sentenced to 20 years in prison for his role in a large-scale crypto romance scam that defrauded victims of over $73 million.

user avatarTando Nkube

Hong Kong's Financial Regulator Signals Move Towards Perpetual Futures Contracts

chest

Hong Kong's financial regulator is considering the introduction of perpetual futures contracts for licensed crypto exchanges, marking a significant development in the region's digital asset framework.

user avatarKofi Adjeman

Russian Authorities Tighten Control Over Telegram

chest

Russian authorities are increasing their regulation of Telegram, citing breaches of local laws.

user avatarNguyen Van Long

Institutional Buying Signals Confidence in Bitcoin Market

chest

SkyBridge Capital, led by Anthony Scaramucci, is actively buying Bitcoin during its price dip, indicating long-term confidence in the cryptocurrency despite short-term volatility.

user avatarSatoshi Nakamura

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.