{"id":1616,"date":"2022-02-02T23:41:36","date_gmt":"2022-02-02T23:41:36","guid":{"rendered":"https:\/\/fatburningcoffeetrick.com\/?p=1616"},"modified":"2022-02-02T23:41:37","modified_gmt":"2022-02-02T23:41:37","slug":"ethereum-community-bemoans-vitalik-buterins-role-as-dogecoin-advisor","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1616","title":{"rendered":"Ethereum community bemoans Vitalik Buterin&#8217;s role as Dogecoin advisor"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Speaking to the UpOnly YouTube channel, Ethereum co-founder Vitalik Buterin said he became convinced by Proof-of-Stake (PoS) in 2014, leading him to go that direction ever since.<\/p>\n<p>One of the factors behind this decision is the environmental impact of Proof-of-Work (PoW) mining. But Buterin points out that even though most PoW cryptocurrencies are switching to PoS, that hasn\u2019t stopped the \u201cpublic narrative machine\u201d from spouting anti-crypto sentiment from an environmental perspective.<\/p>\n<p>\u201cEven now, you can go out and say, \u201cHey guys, you do realize that every major cryptocurrency, except for one, has an active plan to switch to Proof-of-Stake?\u201d To them it doesn\u2019t matter.\u201d<\/p>\n<p>Buterin concluded his point by saying more anti-crypto environmentalists will be convinced once Ethereum is PoS, and Dogecoin and Zcash\u2019s \u201cplans are further along.\u201d<\/p>\n<p>With that, UpOnly hosts Cobie and Ledger both expressed surprise at Dogecoin\u2019s PoS plans.<\/p>\n<h2>Is Dogecoin moving to Proof-of-Stake?<\/h2>\n<p>As an advisor to the Dogecoin Foundation, Vitalik Buterin first suggested Dogecoin transition to PoS in a \u201crandom Twitter experiment\u201d reply in September 2021.<\/p>\n<p>While this was primarily dismissed as fanciful thinking, in late December 2021, the point cropped up again following the release of Dogecoin\u2019s updated \u201ctrailmap.\u201d<\/p>\n<p>Among the various proposals being worked on was \u201ccommunity staking.\u201d As the name suggests, this will reward $DOGE holders for staking their tokens like what already happens on PoS chains.<\/p>\n<p>\u201cThe Foundation are also working with Vitalik (Founder of the Ethereum blockchain) on crafting a uniquely <em>Doge<\/em> proposal for a \u2018Community Staking\u2019 version of PoS that will allow <em>everyone<\/em>, not just the big players to participate in a way that rewards them for their contribution to running the network.\u201d<\/p>\n<p>The trailmap did not specifically say Dogecoin is transitioning to PoS. Many assumed community staking would emulate Ethereum\u2019s current hybrid model, which operates both a PoW and PoS chain running in parallel.<\/p>\n<p>However, in selling the PoS concept, Buterin said that every significant crypto, except Bitcoin, is transitioning to PoS. And more people will become convinced with crypto (environmentally speaking) once Dogecoin and Zcash\u2019s \u201cplans are further along.\u201d<\/p>\n<p>With that, did Buterin inadvertently reveal a complete PoS transition for Dogecoin?<\/p>\n<h2>The Ethereum community wants Buterin to focus on ETH<\/h2>\n<p>Either way, Dogecoin\u2019s community staking plans do require Buterin\u2019s contribution. And if a complete PoS transition is happening, Buterin\u2019s time will be further occupied.<\/p>\n<p>This hasn\u2019t gone down well with some Ethereum investors who say helping Dogecoin demonstrates where Buterin\u2019s priorities lie.<\/p>\n<p>\u201cMan is acting like Ethereum is some side project and Doge is the main project\u201d<\/p>\n<p>Those opposed to Buterin helping Dogecoin question why he would divide his time when high gas fees remain a problem, and there\u2019s still a mountain to climb to finish ETH 2.0 (or \u201cConsensys Layer\u201d as it should be called from now on.)<\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/ethereum-community-bemoans-vitalik-buterins-role-as-dogecoin-advisor\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speaking to the UpOnly YouTube channel, Ethereum co-founder Vitalik Buterin said he became convinced by Proof-of-Stake (PoS) in 2014, leading him to go that direction ever since. One of the factors behind this decision is the environmental impact of Proof-of-Work (PoW) mining. But Buterin points out that even though most PoW cryptocurrencies are switching to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-1616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1616"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1616\/revisions"}],"predecessor-version":[{"id":1618,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1616\/revisions\/1618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1617"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}