Dogecoin Foundation working to allow Dogecoin Staking features
Dogecoin Foundation is working on a mechanism to allow the community to stake Dogecoin through the PoS mechanism.
On 24 December, Dogecoin Foundation released a Roadmap of the Dogecoin project for next year. However, it was the first-ever roadmap of the Dogecoin project but it aimed something unique to push the Dogecoin blockchain network adoption at the next level like other crypto projects.
However, the roadmap of the Dogecoin foundation aimed to bring new designation work on the official website of Dogecoin and also work on the easy deployment of Dogecoin payment services. Read about it here.
The most important thing that the Dogecoin project sees for the future is working with the Ethereum co-founder Vitalik Butterin.
As a part of the roadmap, Dogecoin Foundation is working on the “uniquely Doge proposal”. This proposed work is in collaboration with Ethereum’s co-founder to allow the Dogecoin community to stake Dogecoin.
After the full success of development work on this proposed proposal, all the Dogecoin holders will be able to stake Dogecoin, which means a revenue option for Dogecoin users.
” ( proposal) will allow everyone, not just the big players to participate in a way that rewards them for their contribution to running the network, and at the same time gives back to the whole community through charitable causes.”
Where was the Dogecoin Foundation?
In 2014, Billy Markus and Jackson Palmer created Dogecoin as a joke. These two people are software engineers. Billy Markus is not in this project anymore. However, he is in the Dogecoin Foundation, a nonprofit Dogecoin organization, as an advisory board member.
Around six years, the Dogecoin Foundation team didn’t do anything. In another way, we can say that there was no Dogecoin Foundation team before August 2021.
In August 2021, Dogecoin proponents created a new Dogecoin Foundation team.
Here we can conclude two things. The first thing is the existence of decentralization in the Dogecoin blockchain network and the second thing is the irresponsibility of the Dogecoin creators, who left the project even though this project grabbed huge attention and Adoption in the crypto industry.
Read also: Soon Russian crypto miners will face high electricity charges
