Vitalik Buterin Hopes Dogecoin Could Follow His Move to Proof of Stake (PoS)
Vitalik Buterin Hopes Dogecoin Could Follow His Move to Proof of Stake (PoS).
Having completed the Ethereum merge, Vitalik Buterin, co-founder of Ethereum believes other blockchains should follow suit, such as Dogecoin and Zcash.
“As proof of stake matures, I expect it to just increase in legitimacy more and more over time,” Vitalik Buterin said.
Hoping Zcash and Dogecoin Switch to PoS
He also added, “I hope that Zcash moves over. I am also very hopeful that Dogecoin is going to evolve over to proof of stake at some point soon.”
At Mainnet, Buterin spoke with Messari CEO Ryan Selkis as well as Electric Coin Company CEO Zooko Wilcox-O’Hearn (Electric Coin Company is leading Zcash development.
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“You emailed me your plan for Ethereum, and I was like, ‘holy shit. This is so exciting. And it’ll never work. And then you and the Ethereum [developers] proved me wrong. It totally worked,” Wilcox-O’Hearn said.
Zooko, who is known for his Zcash connection, also predicted that the Ethereum merger would never work.
The Ethereum developers and Buterin “should be proud of themselves for the rest of their lives,” Zooko said.
Still Waiting to See Ethereum Fares After The Merge, Zooko Says
According to the Electric Coin Company’s CEO, Zcash will wait to see how Ethereum performs after the upgrade before executing its own merge-like event.
“We’ve literally been waiting to see what we can learn from Ethereum. I guess what we’ve learned is that it actually works,” he said.
In addition, Buterin also commented about other chains, saying “ “For the other chains, we’ll see. Some of them might; I’m sure at least some of them never will. There might even be some compromise middle ground where some chains end up moving to some kind of hybrid proof of stake.”
A long-awaited merge event was performed earlier this month by Ethereum, shifting its main network from the energy-intensive proof-of-work (PoW) model to a more energy-efficient proof-of-stake model.
Despite “some kind of bug” in every test network merge, Buterin said that the high-stakes event went smoothly.
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