Ethereum founder says Doge Will Switch to POS Soon


In the AMA session on Twitter, Ethereum founder claimed that there are chances that DogeCoin may switch their based consensus to the Proof-of-stake.

Many times, Vitalik Buterin talked about the idea of Elon Musk to make Doge coin faster and more efficient and claimed that Elon Musk doesn’t know about the limitations of blockchain to achieve scalability. But here this time, Vitalik talked about the alternative option for DogeCoin that is much possible, from the statement.

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A digital session held on twitter, AMA session. In this session, there were around 268 including Vitalik Buterin, Elon Musk, Ava Labs founder and CEO Emin Gün Sirer. 

Zhu Su, Billionaire and CEO of The Three Arrows Capital, asked a question from Vitalik about DogeCoin. Zhu asked if there is any chance for DogeCoin to get support for Ethereum or like a collaboration between DogeCoin & Ethereum.

Then Vitalik Buterin said that there are huge chances that DogeCoin will Switch from its consensus of proof of work to proof-of-stake. 

Proof-of-work is less efficient than proof-of-stake. Read about POS and POW

And also, Vitalik said that DogeCoin will use the Ethereum blockchain code for this. Also he suggested some other additional things for the developers of DogeCoin.

Vitalik suggested to restrict the DogeCoin emittance and said that  5 billion DogeCoin per year emittance should be from the Proof-of-work mechanism. And also suggested that the DogeCoin team can put the massive amount of DogeCoin in a type of DAO that funds global public goods.

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