Proof of stake or proof of work? While this question has been a topic that has been discussed a lot by crypto money communities in recent years, it has inflamed even more with the bull season and energy discussions last year. Especially, the fact that Ethereum (ETH) is gradually moving to this system causes the discussions to grow day by day.
Vitalik Buterin, one of the founders of Ethereum (ETH), made interesting statements about this in an interview with UpOnly and claimed that almost all major cryptocurrencies want to switch to PoS, that is, proof of stake. Vitalik Buterin, who referred to Bitcoin without naming it by saying “except one” in his comment, said:
“Every major cryptocurrency except one has an active plan to switch to Proof-of-Stake. Discussions on this will go a lot easier if you know that Dogecoin and Zchash also want to switch to PoS.”
Referring to a proposal made close to the New Year's Day last year, Buterin said that a proposal was made for the 'community staking' version of PoS in Dogecoin (DOGE), with the aim of bringing more individuals to the Dogecoin network.
“The Dogecoin Foundation has just released something called Working with Vitalik Buterin to create community stake. It was released close to Christmas last year.”
Buterin's statement that Dogecoin (DOGE) wants to switch to a PoS system is very important since he is working at the Dogecoin Foundation with Jared Birchall, co-founder Bill Markus and head of Elon Musk's family office.
Buterin also proposed last year to create an ETH-DOGE bridge with the goal of making Dogecoin transactions much faster. Musk's company Tesla announced in the past weeks that some products can be sold with Dogecoin.