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- The Musk Doge team explores movement blockchain as a potential platform for its transparency initiatives based on blockchain.
- The movement of the Movement Blockchain tokens increased by 15% after being linked to the DOGE initiative of Musk.
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Elon Musk would consider movement blockchain as a potential platform for its DOGE initiative, which aims to take advantage of blockchain technology for improved transparency and a reduction in government operations costs.
A Bloomberg report published on Sunday revealed that Musk had discussed the use of blockchain to follow federal spending, secure data, rationalize payments and manage the infrastructure belonging to the government.
An article on X published earlier in the day by DB, Tier10K, stressed that the movement blockchain is among the companies currently under discussion with the Musk Doge team to explore blockchain solutions.
Movement, blockchain is a layer 2 solution on Ethereum, using zero knowledge roller technology (ZK) to improve scalability and safety.
Familiar sources with the case have confirmed that DOGE representatives assess the movement alongside other public blockchains for their technological capacities and their potential to stimulate efficiency.
The DOGE initiative considers blockchain as a means of reducing fraud, waste and abuses in government programs, aligning the Trump’s campaign on the reduction of the deficit.
Earlier in the day, the World Liberty Financial (WLFI) of Trump acquired the native token of Blockchain, Move, for its decentralized financial project.
The token jumped 15% after the purchase of WLFI and the DB report connecting the movement blockchain to the Doge team from Musk.
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