Vitalik Buterin Supports Dogecoin Move To PoS Consensus And Cooperate With Etherum

Ethereum Founder Vitalik Buterin supports Dogecoin (2bitcoins)

JAKARTA – Dogecoin continues to develop its capabilities, the DOGE development party has done its job by reducing cheaper transfer fees. Recently, the founder of Ethereum, Vitalik Buterin, as one of the advisory board of the Dogecoin Foundation suggested switching from Proof-of-Work consensus to Proof-of-Stake consensus.

Vitalik also hopes for cooperation between Dogecoin and Etherum. With this collaboration, it is possible to bring out the potential of Dogecoin in the future.

The two things above were revealed by Vitalik on his Twitter account recently. In his Tweet, the Ethereum founder only allowed about 268 people to comment on his tweets.

One of the people who commented on the Tweet was Thre Arrows Capital CEO Zhu Su who asked about Ethereum's possible relationship with Dogecoin.

“What are some promising ideas for an Ethereum/Doge partnership? What was it about Doge that attracted you to this project?” asked Zhu Su.

Recently Su also revealed that Dogecoin is “very bullish”. In addition, he also said DOGE had no problems with the regulator. Vitalik Buterin hopes DOGE switch to Proof-of-Stake (PoS) using Ethereum code.

“Personally, I hope Doge can switch to PoS soon, maybe using Ethereum code. I also hope they don't cancel the 5 billion/year annual PoW issuance, instead they put it in some kind of DAO that funds global public goods. It will fit with the healthy ethos of dogecoin which is not greedy,” replied Vitalik Buterin.

Previously, the Ethereum founder had mentioned Ethereum's potential collaboration with Dogecoin last June in a podcast with Lex Fridman that aired on his YouTube channel.

“If Doge wanted to bridge to Ethereum, and then people could trade DOGE thousands of times per second in a loopring, then that would be awesome,” said Buterin as quoted by Bitcoin.com News.

“I think if we can have a safe Doge-to-Ethereum bridge. That would be awesome, and then when Ethereum gets working scalability for Ethereum assets, you will be able to trade DOGE wrapped in very low transaction fees and very high speeds too,” he added.

Last August, Dogecoin revived the long inactive Dogecoin Foundation. Among the ranks of the advisory board are Vitalik Buterin along with Jared Birchall who is a close associate of Elon Musk.

In addition, in his Twitter experiment, when asked if Vitalik Buterin had any intention of creating another cryptocurrency, Buterin emphatically answered “No.”