The co-founder of Dogecoin claims that he didn't consider the environmental effect when creating the cryptocurrency, and that it was created in under two hours.
One of the cryptocurrency's developers said that he "didn't consider" the cryptocurrency's environmental effects when it was first produced as a joke.
In recent months, the shiba inu-themed cryptocurrency has risen to become one of the most popular and fastest-growing in the world.
Elon Musk has increased the cryptocurrency's popularity by referring to it many times, including referring to himself as the "Dogefather" and pledging to use it to finance a SpaceX Moon mission known as Doge-1.
Mr Musk's support drew attention to dogecoin in the aftermath of Mr Musk's declaration that Tesla would no longer accept bitcoin as payment due to the cryptocurrency's environmental costs.
While he did not mention dogecoin in his announcement – which has no institutional support from Tesla – it sparked speculation that Mr Musk would withdraw his support for that cryptocurrency as well, considering that it follows many of the same principles.
In response to a tweet from Elon Musk, Billy Markus, one of the people who helped develop dogecoin in the first place, when it was meant partly as a joke, made the comments. In the aftermath of his Tesla remark, Mr Musk was attempting to explain his stance on cryptocurrency in general.
"To be clear, While I believe in cryptocurrencies, it will not be able to drive a significant increase in fossil fuel consumption, especially coal." Mr Musk wrote.
In response, Mr Markus sent a crying face emoji, which he later explained meant "aw man, you're right, environment stuff."
Mr Markus was then asked if he had considered energy consumption while developing the cryptocurrency.
Dogecoin was created in 2013 as a parody of the meme and to mock the plethora of cryptocurrencies that had been released at the time. Mr Markus, on the other hand, contributed to the technical foundations that enable it to function in practise.
Dogecoin, like bitcoin, allows miners to solve complex cryptographic puzzles in order to generate new bitcoins. Proof-of-work is a device that depends on a huge amount of computing power that consumes a lot of resources, all of which comes from fossil fuels.
