Ethereum (ETH) co-founder Vitalik Buterin stated that the popular meme cryptocurrency Dogecoin (DOGE) should migrate to a Proof-of-Stake (PoS) system.
Vitalik Buterin recently released a crypto analytics firm. Messari to a conference organized by joined online and made remarkable statements. Popular meme token according to Buterin dogecoin and privacy-based running Zcash (ZEC) It needs to switch to the PoS system as soon as possible. Buterin argued that with this transition, the aforementioned cryptocurrencies will be safer and more environmentally friendly.
In addition, currently It is known that the transition to PoS is on the roadmap of Dogecoin. There is no information on the date of the systemic change in the roadmap. In addition, Zcash, which works on the basis of privacy and is considered one of the major altcoins of the industry, also includes a transition to PoS on its roadmap. Shared by a Zcash developer last year to the shipment according to the transition process by 2023 at the latest is scheduled to be completed.
After Ethereum’s transition to the PoS system with the Merge update on September 15, only 3 cryptocurrencies working with the Proof-of-Work (PoW) system remained among the top 20 cryptocurrencies by market value. Among these 3 cryptocurrencies Bitcoin (BTC), dogecoin and Ethereum Classic (ETC) is located. Unlike Dogecoin, there is no systemic change for Bitcoin and Ethereum Classic for now.