Is Dogecoin Next? Ethereums Vitalik Buterin Says Meme Coin Should Move to Proof-of-Stake
Alex Dovbnya The co-founder of the Ethereum blockchain believes that all chains should switch to proof-of-stake in the future Ethereum co-founder Vitalik Buterin said that meme coin Dogecoin should switch to proof-of-stake during his virtual appearance at Mainet 2022, a cryptocurrency summit hosted by cryptocurrency analytics firm Messari. Buterin believes that privacy coin Zcash should also transition away from proof-of-work. nAs iniulat ni U. Ngayon, Ethereum switched to proof-of-stake on Sept. 15 after going through the Merge event. The upgrade has made it possible to dramatically reduce the blockchains carbon footprint. Dogecoin became the second-largest cryptocurrency na patunay ng trabaho (behind only Bitcoin). However, the Dogecoin Foundation confirmed that transitioning to proof-of-stake would be part of the meme coins roadmap. Earlier this year, Buterin confirmed that he was helping Dogecoin to switch to proof-of-stake. As for Zcash, the leading privacy coin is also on track to ditch the energy-guzzling proof-of-work consensus algorithm. Scaling and privacy During the summit, Buterin noted that the transition had gone better than expected. The community of Ethereum developers will now be focused on making the second-largest blockchain more scalable. The Canadian programmer defined scalability as the most important issue for the following 18 months, adding that this is something that the ecosystem