Vitalik Buterin To Assist In Dogecoin Moving to POS
Vitalik Buterin has revealed that he is helping with the Proof-of-Stake (PoS) transition of Dogecoin (DOGE). The PoS network is becoming increasingly popular among major cryptocurrencies, with a rising number actively switching to it.
According to the Ethereum founder, nearly every single major cryptocurrency today has a strategy to move to PoS. He recently stated that Dogecoin therefore intends to shift to a Proof-of-Stake network with community staking.
To that end, Buterin referred to a proposal made on Christmas Eve last year that described a method for implementing the DOGE strategy for a &39Community Staking&39 form of PoS. This would potentially allow more people to participate in administering the Dogecoin network.
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