Dogecoin Should Move to Proof of Stake, Says Vitalik Buterin

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Dogecoin Should Move to Proof of Stake, Says Vitalik Buterin


Ethereum co-founder Vitalik Buterin said that all blockchains looking to scale, including Dogecoin and Zcash, should move to Proof of Stake. “As proof of stake matures, I expect its legitimacy to increase over time,” Vitalik said via video chat at the Messari Mainnet conference on Friday. “I hope that Zcash moves over. I also expect Dogecoin to move towards proof of stake soon,” he added.

Earlier this month, Ethereum held a long-awaited merge event, moving its core network from an energy-intensive Proof-of-Work (PoW) model to a more energy-efficient Proof-of-Stake (PoS) model. The high-stakes event went smoothly, said Buterin, despite every test network merge experiencing “some kind of bug.”

At Mainnet, Buterin spoke with Messari CEO Ryan Selkis and the CEO of Electric Coin Company Zooko Wilcox-O’Hearn (Electric Coin Company leads Zcash development). “You emailed me your blueprints for Ethereum, and I was like, ‘holy shit. This is interesting. And it will never work,” said Wilcox-O’Hearn. In addition, the Ethereum developers proved me wrong. It works. Zooko, well-known for his connection to PoW privacy coin Zcash, also believed that the Ethereum merge would never work. Referring to Ethereum developers and Buterin, Zuko said, “You should be proud of yourself for the rest of your life.



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The Pipsafe Team -Latest Bitcoin news


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