Home » today » Business » Vitalik Buterin expects Zcash and Dogecoin to be used Proof-of-Stake, follow him.

Vitalik Buterin expects Zcash and Dogecoin to be used Proof-of-Stake, follow him.

Mr. Vitalik Buterin, co-founder Ethereum predict that the system Blockchain of coins and Zcash coins Dogecoin will switch to a working Future Proof-of-Stake mechanism

Buterin told the Mainnet Blockchain that Zcash and Dogecoin could follow in the footsteps of Ethereum, which eventually switched to a cryptographic mechanism. Proof-of-Stake

Mr. Vitalik Buterin answered the question that “Should all networks switch to PoS systems?”


“I think it should. I expect the system. Proof-of-Stake will improve over time And I hope Zcash and Dogecoin move to the system. Proof-of-Stake soon.

On September 15, Ethereum passed the long-awaited The Merge update. and replaced the consensus mechanism from the system Proof-of-Work to Proof-of-Stake system After many years of development And according to the Ethereum Foundation report, the move to the Ethereum Proof of Participation system will reduce the power of Ethereum 99.9%

After the latter, the team behind Zcash and Dogecoin expressed interest in moving to the system. Proof-of-Stake

In mid-2021, Electric Coin Company, the company behind the development of the Zcash coins, wrote:blog postLearn about the details on how to develop a PoS system

Dogecoin has a similar idea. However, Changing a consensus system is easy to say, but difficult to do: it is essential to talk to the community about how the change will affect the network.

Both Zcash and Dogecoin are coins. Cryptocurrency work with the Top Proof-of-Work system by market capitalization, both of which are mining hardware assets. And it takes a lot of power to process new blocks.

On the other hand, the Proof-of-Stake consensus system relies on checking coin leaders to stake the network, eliminating the need for electricity and hardware to monitor.
Source: The block


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