Vitalik Buterin allowed Zcash and Dogecoin to the Proof-Of-Stake algorithm
As the algorithm for reaching the consensus is Proof-OF-Stake (POS), more and more networks will use it instead of Proof-OF-WORK. In particular, the mechanism may implement Zcash and Dogecoin, said the co -founder of Ethereum Vitalik Buterin at the Mainnet conference.
Selkis: Shoup All Networks Move to Pos?
“I’d Say Shoup … as Pos Matures I Woold Expect it to Increase in Legitimacy Over Time. I Hope @zcash Moves Over and I Am Hopeful @dogecoin Moves to Pos Soon, ” – VB#Mainnet2022
– Messari (@messaricrypto) September 23, 2022
To the question of the founder of Messari, Ryan Selkis, whether other projects will go in the footsteps of Ethereum, Buterin replied:
“I would say that they should … as POS matured, I What is GALA: a would expect that over time its legitimacy will increase. I hope Zcash and Dogecoin go to POS “.
On September 15, 2022, Ethereum activated the update of The Merge, which transferred the blockchain to the Proof-Of-Stake algorithm and reduced its energy consumption by 99%. The upgrade also laid the foundation for the next phase of the network development – The Surge. The latter, according to Butaterin, will become “a much less single -moraine event”.
Earlier, Electric Coin Company has introduced the ZCASH roadmap until 2025. The plan also involves the transition of the network to POS. Among the advantages of this solution, the developers called a decrease in the pressure on cryptocurrency quotes.
The Dogecoin team also hinted at the possibility of migration of the project on POS. In December 2021, the non-profit organization Dogecoin Foundation said that together with Butaterin, he was working on the mechanism of the stake of meme.
Then one of the leading developers Ross Nichall said that “I would like to see how POS is studied”. According to him, for this he would have to “convince many people”.
Recall that in September 2022, the head of the SEC Gary Gansler made recognition of cryptocurrencies based on Proof-Of-Stake Securities.
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