Block CEO and Twitter co-founder Jack Dorsey had a brief back-and-forth with Robinhood CEO Vladimir Tenev on Friday.
Tenev tweeted on Thursday: “Can#Doge truly be the future currency of the Internet and the people? As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take.”
Over several follow-up tweets, Tenev riffed on improvements Dogecoin would need to become the internet’s top currency, adding that the blockchain, which currently handles around 40 transactions per second, would need to “significantly outperform” Visa’s 65,000 transactions per second.
As a comparison, Visa’s network can theoretically handle 65,000 tps. Doge would need to be able to significantly outperform Visa, which entails increasing throughput by at least 10000x. Fortunately, this is easy to solve simply by increasing the block size limit.