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

now, ethereum the merge is completionVitalik Buterin said that other blockchains are dogecoin When zcash should follow.

“We anticipate that as Proof of Stake matures, it will become more and more justified over time,” Vitalik said in a video chat at the Messari Mainnet conference on Friday.

“I hope Zcash will transition, and I very much hope that Dogecoin will transition to Proof of Stake in the near future,” he added.

Earlier this month, Ethereum launched its long-awaited merge eventmoving the main network from energy-intensive proof of work (PoW) models to be more energy efficient Proof of Stake (PoS) model.

Buterin said the high-stakes event ran smoothly despite “some bugs” in every test network merge.

Zcash Could Join Dogecoin, Ethereum

On Mainnet, Buterin spoke with Messari CEO Ryan Selkis and Electric Coin Company CEO Zooko Wilcox-O’Hearn, who is leading the development of Zcash.

“You emailed me your plans for Ethereum, and I was like, ‘Oh my God, this is so exciting. And it’s never going to work,'” Wilcox O’Hearn said. ethereum [developers] Proved me wrong. It worked perfectly. ”

Zooko, best known for its association with PoW privacy coin Zcash, also believed that the Ethereum merger would “never work.”

But now he sings another song.

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

When asked if Zcash will run its own merge-like event, the CEO of Electric Coin Company said he is waiting to see how Ethereum performs after the upgrade.

“We were literally waiting to see what we could learn from Ethereum,” said Zuko. “I think what we’ve learned is that it actually works.”

Season of Proof of Stake

But what does Buterin think about blockchains other than Zcash and Doge moving to PoS?

“We will look at other chains in the future,” he said. Some of them may be. I’m sure at least some of them never do. There may even be a compromise where some chains move to some kind of hybrid proof-of-stake. ”

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

“The sky that has been cloudy for almost ten years is finally clear,” he added.

Stay on top of crypto news and get daily updates in your inbox.

Leave a Reply

Your email address will not be published.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