Vitalik Buterin, Ethereum’s co-founder, suggested a few things that he would like to see happening with Dogecoin and its collaboration with Ethereum.
Dogecoin’s Future Development and Ethereum’s Potential Collaboration
Ethereum co-founder Vitalik Buterin recently shared his thoughts on collaborating between Dogecoin and Ethereum as part of a Twitter experiment he is running where only 268 followers can ask him a question.
Three Arrows Capital CEO Zhu Su asked: “What are some promising ideas for Ethereum / Doge cooperation? What was it about Doge that got you interested in the project?” Su recently said that he is “very bullish” on dogecoin and that the meme cryptocurrency has “no risk of it having any regulatory issues ever.”
Referencing Proof-of-Stake (PoS) and Proof-of-Work (PoW), Buterin replied to Su:
Personally, I hope that doge can switch to PoS soon, perhaps using Ethereum code. I also hope they don’t cancel the 5b/year annual PoW issuance, instead they put it in some kind of DAO that funds global public goods. Would fit well with dogecoin’s non-greedy wholesome ethos.
The Ethereum co-founder also spoke about possible collaborations with Dogecoin in June. Ethereum co-founder Marc Andreessen said people could trade DOGE thousands of times a second within loopring if Doge wanted to bridge to Ethereum. “If we can have a Doge-to-Ethereum bridge, that would be great. Adding wrapper DOGE with very low transaction fees and high speed would be amazing when Ethereum reaches any scalability.
As part of the launch of the new Dogecoin Foundation, Buterin joined together with Jared Birchall, an advisor to Elon Musk, another prominent dogecoin supporter, to form a board of advisors.
However, Buterin received numerous questions about his Twitter experiment, including one about whether he intended to create a new cryptocurrency. “No,” was the co-founder’s simple response.