ETH boss Vitalik Buterin expects “Dogecoin (DOGE) to go Proof-of-Stake.”

Now that the Ethereum merger is complete, Vitalik Buterin believes that other blockchains like Dogecoin and Zcash should follow suit.

“As proof-of-stake matures, I expect its legitimacy to grow more and more over time,” Vitalik said via video chat during the Mainnet conference on Friday.

“I hope that Zcash goes to proof of stake. I am also hopeful that Dogecoin will move towards proof of stake at some point, soon,” he added.

Earlier this month, Ethereum completed its long-awaited merger, transitioning its mainnet from the energy-intensive proof-of-work (PoW) model to the more energy-efficient proof-of-stake (PoS) model.

The high-stakes event went off without a hitch, Buterin said, although every testnet merger experienced “some kind of bug.”

Zcash could join Dogecoin and Ethereum

On Mainnet, Buterin spoke with Messari CEO Ryan Selkis and Electric Coin Company CEO Zooko Wilcox-O’Hearn (Electric Coin Company leads Zcash development). This may interest you: Climate groups claim that a coding change can reduce bitcoin’s power consumption by 99%..

“You emailed me your plan for Ethereum, and I was like, ‘Shit. It is so exciting. And it will never work,” Wilcox-O’Hearn said. “And then you and the [développeurs] of Ethereum proved him wrong. It totally worked. ”

Zooko, best known for his connection to the private PoW coin Zcash, also believed that the merger with Ethereum “would never work.”

But now he sings another song.

“You should be proud of yourself for the rest of your life,” Zooko said, referring to the developers of Ethereum and Buterin.

When asked if Zcash will hold its own merger-like event, the Electric Coin Company CEO replied that he was waiting to see how Ethereum performs since the upgrade.

“We literally waited to see what we could learn from Ethereum,” Zooko said. “I think what we’ve learned is that it really works.”

Proof of Stake Season

But what does Buterin think of blockchains other than Zcash and Doge making the leap to PoS? Also read: Pac-Man Frog (PAC) could make its investors like ApeCoin (APE) and Theta Network (THETA) very rich in the future..

“For the other channels, we’ll see,” he said. “Some of them might; I’m sure at least some of them never will. There could even be a compromise in between where some chains end up moving to some kind of hybrid proof-of-stake. »

But for now, Buterin is simply relieved by the state of Ethereum, which he says is now in a much better position after the merger.

“A cloudy sky for almost a decade has finally cleared up,” he added.

💎 Open a free account to invest in cryptocurrencies!

CoinHouse allows you to easily invest in crypto assets. Creating an account is free and is done through a few simple steps.

📈 Trade cryptos online in just a few clicks!

BitPanda allows you to trade crypto easily online. Creating an account is fast, free and very simple.

Be vigilant and consult your financial advisor before making any investment decision. Mirror-Mag is not responsible in case of bad investments. Before using any third party service, you should do your own research.

Thomas E.
The latest articles by Thomas E. (see everything)

Leave a Comment

Your email address will not be published. Required fields are marked *