The co-founder of Ethereum (ETH) believes that the Proof-of-Stake (PoS) is a must for any blockchain wishing to get in tune with the future. This is the case of Dogecoin (DOGE) and Zcash (ZEC) which currently rely on the mining Proof-of-Work in order to extract blocks. Vitalik Buterin expects the two to follow suit with Ethereum in The Merge.
Vitalik Buterin shows the right way, The Merge, to Dogecoin and Zcash
After the success of the Merge, and probably taking into account its fallout, the co-founder of Ethereum expects other PoW blockchains to also take up PoW. Among them are Zcash and Dogecoin.
In his intervention as of last Friday during the Messari Mainnet conference, Vitalik pointed out:
” As proof-of-stake matures, I expect its legitimacy to increase more and more over time. […] I hope Zcash will step up a gear. I’m also hopeful that Dogecoin will evolve into proof-of-stake at some point. »
As a reminder, Ethereum successfully completed its Merge on the morning of September 15. The Merge or Fusion is none other than the upgrade of the eponymous blockchain, consisting of a switchover of its consensus mechanism from PoW to PoS. Following this migration, its energy consumption fell by 99.9%; and Ethereum will see its carbon footprint reduced.
What about the reactions of Dogecoin and Zcash?
The apostle of the PoS that Vitalik Buterin is, was he preaching in the desert by advancing such remarks? The developers of both blockchains would of course have it.
Electric Coin Company, the company that develops Zcash, has already shown interest in the proof-of-stake. A blog post written in mid-2021 highlights his approach to this compensation mechanism.
During the Mainnet, Zooko Wilcox-O’Heam, the CEO of Electric Coin Company, also spoke with Vitalik Buterin and Ryan Selkis, CEO of Messari.
” You emailed me your plan for Ethereum, and I was like, [parbleu]. It’s so exciting. And it will never work. […] And then you and the [développeurs] from Ethereum proved me wrong. It totally worked commented Wilcox-O’Hearn.
” You should be proud of yourself for the rest of your life “, had added the man who prophesied the failure of the Merge a short time ago.
Now that the Fusion has become effective, he intends to learn from it through observations and many other methodologies.
But by doing so, will Vitalik Buterin push Zcash and Dogecoin to switch to PoS? What about other blockchains?
” For the other channels, we will see. Some of them might; I’m sure at least some of them never will. There might even be an intermediate compromise where some chains end up moving to a sort of hybrid proof-of-stake Buterin said.
It should be noted that the Merge did not meet with the unanimity of bitcoin nor minors. Many of them made unflattering remarks about him. For fans of miningthe option hard fork was inevitable. It gave birth to EthereumPow (ETHW) and Ethereumfair (ETF). But we will agree to note that the migration in the PoS is a considerable asset, if only for the Planet. It should also be noted that it has made it easy for regulars of decentralized finance (DeFi) to access rewards. Saying it was for miners only during the PoW era.
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