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.