Vitalik Buterin said that the crypto community will shift toward Proof-of-stake consensus-based projects because of the increasing development works on Proof-of-stake model-based ecosystems.
Vitalik Buterin is the co-founder of the Ethereum blockchain and he is known as a legend in the crypto space because of the success of Ethereum (ETH). On 15 September, the Ethereum blockchain shifted from Proof-of-work (PoW) consensus to Proof-of-stake (PoS) consensus successfully to make the Ethereum network highly efficient & reduce electricity consumption.
On 23 September, Vitalik Buterin shared his opinion on the future Proof-of-stake ecosystem adoption in crypto space, during Messari Mainnet Summit 2022.
Vitalik was questioned by Ryan Selkis (founder and CEO of Messari) in the event about his opinion on “whether all crypto assets will shift toward Proof-of-stake (POS) consensus or not”.
Vitalik said that Zcash & Dogecoin are top PoW crypto assets, which may shift on PoS consensus in near future.
“I hope Zcash moves over, and I am hopeful Dogecoin moves to PoS soon.”
Further Vitalik said that he believes that the future of the crypto industry will show significant inclination toward the PoS ecosystem-based sector because of the ongoing PoS development works.
Earlier this, a report of Trailmap confirmed that the developer team of the Dogecoin project was working with Ethereum co-founder Vitalik to force the Dogecoin Community to shift to the Proof-of-stake model.
Doge Price Action
The current price of Dogecoin is $0.0609 and this price is 7.5% high over the last 7 days’ trade price.
However, Dogecoin is popularly known as MemeCoin because its origin was “no use case” but now Doge is getting huge popularity among crypto investors because of the support of Tesla CEO Elon Musk. The team behind Dogecoin is also working with Musk’s Starlink to enable Doge transactions in all possible situations without any necessity of the internet.
Read also: Apple decides to allow NFTs buy-sell but at 30-35% commission
I hope Dogecoin moves to PoS soon, Says Ethereum co-founder
https://bitcoinik.com/i-hope-dogecoin-moves-to-pos-soon-says-ethereum-co-founder/feed/
https://bitcoinik.com/i-hope-dogecoin-moves-to-pos-soon-says-ethereum-co-founder/feed/
Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!
How does it work?
- Select Trade in the main menu, then select Trading bot.
- Select a spot trading pair from the Trading bot menu.
- Select Moon Grid from the listed strategies.
- Enter the amount you want the bot to trade and click Create.
- Your bot will then be live.
- To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
