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Jack Dorsey Says HamsterCoin, Not DOGE Is Threat to Ethereum

Jack Dorsey Says HamsterCoin, Not DOGE Is Threat to Ethereum
  • Twitter CEO Jack Dorsey claims HAM is the top threat to Ethereum.
  • Dorsey said this in response to Rep Sherman saying Dogecoin is the biggest threat to Ethereum.
  • Also, HamstarCoin is a new meme token that launched this year

Is Dogecoin a threat to Ethereum? According to a tweet by Twitter CEO Jack Dorsey, the real threat is HampsterCoin.

Dorsey posted the tweet in response to Coincenter’s Neeraj K. Agrawal’s post. Agrawal in turn was responding to a video of Rep Sherman saying the biggest threat to Ethereum is Dogecoin.

Rep Sherman’s comments echo Tesla CEO Elon Musk. Prior, Musk stated that Ethereum co-founder Vitalik Buterin is afraid of Dogecoin. Notably, Musk made the claim after Buterin refuted Musk’s plan to scale DOGE by over 10 times.

In addition, Musk had claimed that DOGE needed to speed up its block time up to 10x, increase its block size, and drop its fees by 100x. If this happened, then DOGE would win against Ethereum “hands down.”

On the other hand, Buterin argued that such a sharp increase in scalability would sacrifice decentralization. This argument is one of the reasons Ethereum is taking its time to execute its Ethereum 2.0 upgrade.

In addition, soon after this heated exchange, Buterin disclosed that he was a DOGE investor. In fact, the blockchain legend made a whopping 8,000% profit on DOGE after investing in the top altcoin. However, the recent Twitter exchange revealed that the ETH vs DOGE rivalry still lingers.

In turn, HamsterCoin thanked Dorsey for his support. Of note, HamsterCoin is a meme token on the Binance Smart Chain (BSC). The project launch in Q1 2021 with a max supply and circulating supply of 10,000,000,000,000,000. The blockchain aims to provide its users with financial freedom.

At the time of writing, HAM is trading at $0.000000000780, up 123.2% in the last 24 hours. Also, the meme token has a 24-hour trading volume of $2,002,701 according to CoinGecko.

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Avid reader and writer with a passion for sharing crypto news and trends. Uses her background in finance to help readers better understand the crypto market and investments. Hopes to see mainstream crypto adoption in the near future, especially in Africa.