Vitalik Buterin’ Suggestion On Dogecoin’s Development With Ethereum
The Co-founder of Ethereum, Vitalik Buterin has given some suggestions for the development of Dogecoin. He shows interest in collaborating Dogecoin with Ethereum which will allow traders to trade DOGE with low transaction-fees and high-speed.
Buterin has shared his views on the potential collaboration of Dogecoin and Ethereum where the 268 people he followed in twitter alone can ask him questions. As a result, the CEO of Three Arrow Capital, Zhu Su, asked Buterin, “ What are some promising Ethereum/Doge collaboration ideas? What about Doge piqued your interest in the project?”
Responding to the question, Buterin answered with reference of Proof-of-Stake (PoS) and Proof-of-Work (PoW):
“Personally, I hope that Doge will be able to transition to PoS soon, possibly using Ethereum code. I also hope they don’t cancel the annual PoW issuance of $5 billion, but instead put it in some kind of DAO that funds global public goods. Would be a good fit for Dogecoin’s non-greedy, wholesome ethos.”
Ethereum And Dogecoin Collaboration
Significantly, Buterin had already talked about the potential collaboration between Ethereum and Dogecoin in June. He explained that if Doge opens a bridge to Ethereum then users can trade DOGE several in seconds which will be great.
Moreover, Buterin thinks that it would be secure for Doge-to-Ethereum bridge. When Ethereum achieves any scalability that works for Ethereum assets, then traders can trade DOGE with low transaction fees and high speed.
However, in August, Ethereum co-founder joined the Dogecoin foundation’s board of advisors. Buterin joined along with Jared Birchall who is the close associate of Tesla CEO Elon Musk. As we all know, Musk is a great supporter of Dogecoin.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
