Mathisen Marketing

Your Marketing Blog

Ethereum’s Vitalik Buterin ‘Very Hopeful’ Dogecoin Moves to Proof of Stake

Ethereum’s Vitalik Buterin ‘Very Hopeful’ Dogecoin Moves to Proof of Stake

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Now that Ethereum merging is completeVitalik Buterin thinks other blockchains like it Dogecoin and Zcash should follow.

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

“I’m hoping that Zcash will transition. I’m also very hopeful that Dogecoin will evolve into proof of stake at some point,” he added.

Earlier this month, Ethereum did something long-awaited merge eventby moving its main grid from energy-intensive proof of work (PoW) model more energy efficient proof of contribution (PoS) model.

The high-stakes event went smoothly, Buterin said, although there was “some sort of glitch” in each test network connection.

Zcash could join Dogecoin, Ethereum

At Mainnet, Buterin spoke with Messar CEO Ryan Selkis and Electric Coin Company CEO Zooko Wilcox-O’Hearn (Electric Coin Company is leading the development of Zcash).

You emailed me your plans for Ethereum and I said ‘holy crap. This is so exciting. And it never works,” Wilcox-O’Hearn said. “And then you and Ethereum [developers] proved me wrong. It totally worked.”

Zooko, best known for his connection to PoW privacy coin Zcash, also thought that an Ethereum merger would “never work”.

But now he sings a different tune.

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

When asked if Zcash would perform its own merger-like event, the CEO of Electric Coin Company said he would wait to see how Ethereum fares after the upgrade.

“We’ve literally been waiting to see what we can learn from Ethereum,” Zooko said. “I guess we’ve learned that it really works.”

Proof of stake period

But what does Buterin think about blockchains other than Zcash and Doge making the leap to PoS?

“Other chains will be looked at,” he said. “Some of them might; I’m sure at least some of them never will. There may even be a compromise middle ground where some chains end up moving to some kind of hybrid proof of stake.”

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

“The sky, which has been overcast for almost a decade, finally cleared,” he added.

Stay up to date with crypto news, get daily updates in your inbox.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • EU securities regulator clears next step for a tokenized trading pilot program

    EU securities regulator clears next step for a tokenized trading pilot program

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase The European Securities and Markets Authority (ESMA), the European supervisory authority, said it does not need to change regulatory standards for a pilot trading project using distributed ledger technology (DLT), enabling the next phase of experimental tokenized securities trading. . […]

    Read More

  • Crypto Bust: China Collars 93 For Laundering $5 Billion In Digital Currencies

    Crypto Bust: China Collars 93 For Laundering $5 Billion In Digital Currencies

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase China has recently become a hotbed of illegal crypto trading. The country has earned quite a reputation in the international community for cryptocurrency scams and illegal activities. In recent months and years, there have been a number of significant illegal […]

    Read More