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Vitalik Buterin Hopes Doge Will Switch to PoS Soon, Using Ethereum Code

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Thu, 09/02/2021 - 10:06
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Yuri Molchan
In a recent AMA session on Twitter, Ethereum creator has stated that he hopes Dogecoin will soon be running on PoS, perhaps switching to it using Ethereum code
Vitalik Buterin Hopes Doge Will Switch to PoS Soon, Using Ethereum Code
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On Sept. 2, the co-founder of the second-largest blockchain platform, Vitalik Buterin, launched a small AMA session for the 268 people whom he follows. Among those who posed questions to the Ethereum co-founder were Tesla CEO Elon Musk, Ava Labs founder and CEO Emin Gün Sirer, and others.

Musk asked Vitalik about his idea of love.

One of the questions received by Vitalik was about Dogecoin - whether he has any suggestions for a cooperation between Doge and Ethereum.

"I hope that Doge can switch to PoS soon"

Billionaire and CEO of The Three Arrows Capital, Zhu Su, asked Vitalik if he can share any promising ideas for a collaboration between Ethereum and Doge blockchain platforms in the future.

The Ethereum co-founder responded, sharing his hope that Doge would switch to the proof of stake (PoS) consensus protocol soon but that DOGE would also keep its annual emittance of five billion coins via proof of work (PoW). Vitalik suggested that the Doge team could put these massive amounts of DOGE in a type of DAO that funds global public goods.

Buterin added that he hopes Doge will perhaps switch to PoS via an Ethereum code.

Will Vitalik make DOGE a "better coin?"

Earlier, U.Today reported that Vitalik Buterin and Elon Musk's associate, Neuralink chief executive Jared Birchall, joined the advisory board of Dogecoin.

Vitalik's father, Dmitry Buterin, opined on Twitter that his son's presence on Doge's advisory board may help the popular meme crypto turn into a better coin.

Related
Angry Doge: Dogecoin Foundation's Lawyers Go After Copycat

$4 million Doge meme can now be bought for $1 apiece

As reported by CNBC, the original Dogecoin meme featuring the Kabosu Shiba Inu dog that inspired the launch of Dogecoin back in 2012 has recently been bought for $4 million at an auction.

In June of this year, PleasrDAO purchased this meme for the eye-popping sum as an NFT. Now, it has started selling fractional ownership of the Doge meme for less than $1 per piece.

It has divided the meme NFT into millions of ERC-20-based DOG tokens, and anyone can buy as many of them as they can afford. The majority of DOG tokens will be kept by PleasrDAO, though.

They are being sold as of Sept. 1 on the Fractional.art platform and on decentralized exchange Miso.

At the moment, DOG is being sold on Miso for 0.0000011538 WETH (wrapped Ethereum) per token, which is $0.004301.

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Image via Miso
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.