Dogecoin Foundation Joins ETH Co-founder Vitalik Buterin for DOGE PoS
- Dogecoin Foundation gets back into action.
- Joins hands with Vitalik Buterin for bringing Proof-of-Stake for DOGE.
- Dogecoin Foundation lays out officially it’s ambitious roadmap.
The Dogecoin Foundation was established by the Dogecoin (DOGE) founders themselves, Billy Markus and Jackson Palmer. The foundation functions as a non-profit organization which focuses completely towards the development of the DOGE.
In spite of being founded a few years after the DOGE, the Dogecoin Foundation has so far remained dormant for the past six years. And so, in August 2021, the Dogecoin Foundation sprung back to action, portraying for the betterment of the DOGE.
However, no special features were introduced in recent times for the DOGE stables, until the news spread officially now. There were rumours regarding the Ethereum (ETH) co-founder Vitalik Buterin as part of the Dogecoin Foundation, joining for the improvisation of DOGE.
And so, the news is official that the Dogecoin Foundation is now currently working together with Vitalik Buterin to implement ideas and to create a completely new Proof-of-Staking (PoS) for the DOGE.
The Alliance & the Roadmap
The Dogecoin Foundation put forth officially on 23rd December regarding their complete plans and roadmap for the future on which they were working on. Named as the ‘Dogecoin Trailmap’- literally referring to the ‘dog-walk’ path, the Dogecoin Foundation is completely focused and optimistic upon their future for the DOGE.
In addition, upon the roadmap, the Dogecoin Foundation reveals their works in bringing a unique PoS solution in the aspects of ‘community staking’ for the DOGE together with ETH co-founder Vitalik Buterin.
This PoS will enable DOGE owners to stake their DOGE and in return increase their DOGE as rewards, by receiving new DOGE as rewards.
Comments of the Dogecoin Foundation
Accordingly, the Dogecoin Foundation states that their new PoS will enable not only big DODE holders, but all together to proceed with the community staking. Also, they term that everyone involved in the community will be rewarded irrespective of their stakings.
Moreover, the foundation also states that proceeds of the stakings will be going towards the charity as a well-fare means.
Besides, they also reveal that they have a list of new enticing projects lined up all based on DOGE.
The post has appeared first on thenewscrypto.com
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
