Vitalik Buterin ‘Very Hopeful’ Dogecoin from Ethereum switches to Proof of Stake – decryption

Now that the ether merge is CompletelyVitalik Buterin thinks similarly to other blockchains Dogecoins and Zcash should follow suit.

“As the evidence of use matures, I expect it to gain more and more legitimacy over time,” Vitalik said in video chat at Friday’s mainnet conference.

“I hope Zcash moves. I am also very confident that Dogecoin will soon evolve into a Proof of Stake,” he added.

Earlier this month, Ethereum carried out its long-awaited venture merge eventShifting its main grid from the energy-intensive proof of work (PoW) model to become more energy efficient Proof of Stake (PoS) model.

The high-stakes event ran smoothly, Buterin said, although “some sort of error” occurred every time testnets were merged.

Zcash could join Dogecoin, Ethereum

On the mainnet, Buterin spoke to Ryan Selkis, CEO of Messari, and Zooko Wilcox-O’Hearn, CEO of Electric Coin Company (Electric Coin Company is leading the development of Zcash).

“You emailed me your plan for Ethereum and I said, ‘Holy shit. That is so exciting. And it’s never going to work,’” Wilcox-O’Hearn said. “And then you and Ethereum [developers] proved me wrong. It totally worked.”

Zooko, best known for his association with PoW privacy coin Zcash, also thought the Ethereum merger “would never work.”

But now he’s singing a different tune.

“You should be proud of yourself for the rest of your life,” Zooko said, referring to the Ethereum developers and Buterin.

When asked if Zcash would host its own merger-like event, the Electric Coin Company CEO said he was waiting to see how Ethereum fared since the upgrade.

“We’ve literally been waiting to see what we can learn from Ethereum,” Zooko said. “I think what we’ve learned is that it actually works.”

Proof of Stake Season

But what does Buterin think of blockchains other than Zcash and Doge making the leap to PoS?

“We’ll see about the other chains,” he said. “Some of them maybe; I’m sure at least some of them never will. There might even be a trade-off where some chains result in some kind of hybrid proof-of-stake.”

But for now, Buterin is simply relieved at the state of Ethereum, which he believes is in a much better position now after the merger.

“A sky that has been cloudy for almost a decade has finally cleared,” he added.

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