Almost every major cryptocurrency now has a plan to transition to PoS, according to Ethereum founder Vitalik Buterin, who revealed in a recent interview with UpOnly that Dogecoin (DOGE) also aims to transition to a Proof-of-Stake network with community staking. The Ethereum founder said: Buterin referenced a proposal published on Christmas last year, which outlined a strategy to execute the DOGE proposal for a ‘Community Staking’ version of PoS, which would let more individuals participate in managing the Dogecoin network.
The proposal for PoS
Furthermore, the Dogecoin Foundation stated at the time that it was working with Vitalik on crafting a proposal that would: Finbold reported last year that Vitalik Buterin hoped Dogecoin would move to a PoS consensus method with the aid of Ethereum’s technology as soon as possible.
He also suggested an ETH-DOGE bridge, which he believes would accelerate transaction speeds on the Dogecoin blockchain. Watch the video: Vitalik Buterin on Dogecoin Proof-of-Stake transition
