Ethereum co-founder Vitalik Buterin has some suggestions on what he would personally like to see with Dogecoin and the meme cryptocurrency’s collaboration with Ethereum.
Vitalik Buterin on the development of Dogecoin and his Ethereum collaboration
Ethereum co-founder Vitalik Buterin shared his thoughts on the possible collaboration between Dogecoin and Ethereum on Wednesday as part of a Twitter experiment where only the 268 people he followed can ask him questions.
Zhu Su, CEO of Three Arrows Capital, asked, “What are some promising ideas for the Ethereum-Doge collaboration? What interested you in Doge for the project? ”Su recently said that he is“ very bullish ”on Dogecoin and that the meme cryptocurrency“ has no risk of ever regulatory problems ”.
Referring to Proof-of-Stake (PoS) and Proof-of-Work (PoW), Buterin Su replied:
Personally, I hope Doge can switch to PoS soon, maybe with Ethereum code. I also hope they don’t cancel the $ 5 billion annual PoW issue, but put it into some kind of DAO that funds global public goods. Would go well with the non-greedy wholesome ethos of Dogecoin.
In June, Buterin also spoke about a possible collaboration between Ethereum and Dogecoin. “If Doge wanted to somehow build a bridge to Ethereum and then people could trade DOGE thousands of times per second within the loop, then that would be amazing,” said the co-founder of Ethereum. “I think if we can have a safe Doge-to-Ethereum bridge. That would be amazing, and if Ethereum then got a scalability that works for Ethereum assets, you could trade packaged DOGE with very low transaction fees and very high speed, ”he continued.
In August, the Dogecoin Foundation launched with Buterin as one of its board advisors along with Jared Birchall, a close associate of Tesla CEO Elon Musk, another prominent Dogecoin supporter.
One of the numerous questions Buterin received as part of his Twitter experiment was whether he would likely create another cryptocurrency. The Ethereum co-founder simply replied “no”.
What do you think of Vitalik Buterin’s suggestions for Dogecoin? Let us know in the comment section below.
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