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Dogecoin must switch to the Proof of Stake protocol

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ETH and DOGE. Source: Shutterstock, Akif CUBUK

Ethereum’s founder, Vitalik Buterin, this time decided to express his opinion and also support the project Dogecoin. According to him, it is worth considering that the project will start to focus on the Proof of Stake model.

Buterin and DOGE collaboration?

Currently, we probably know most of the important information on Twitter. This was not the case in this case either. Vitalik Buterin received a question from Zhu Su, CEO of Three Arrows. He asked him a question concerning Dogecoin cooperation with Etherereom. Buterin suggested a really interesting alternative. He wants DOGE developers to consider moving to the Proof of Stake protocol.

Huge carbon footprint of cryptocurrencies. This is the main problem that needs to be solved. And then the Proof of Stake protocol will be used.

“The Proof of Stake protocol is a solution to BTC’s environmental problems, which need far fewer resources to maintain.” said Buterin.

Probably one of the most anticipated events in the world of cryptocurrencies is the launch of the network ETH 2.0. The latest statement from the ETH Foundation raises really high expectations. If the transition is successful, energy consumption can be reduced by up to 99.95%.

Advisor and member of the Dogecoin Foundation

Specifically, last month, we informed you about how the founder of ETH became a member of the foundation’s advisory committee Dogecoin Foundation.

It is a non-profit organization with a small group of experienced advisors. Their main task is to support Dogecoin and propose important supportive changes.

What price will BTC reach by the end of the year according to the Stock-to-flow model?

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
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