Dogecoin is already on track to ditch proof-of-work
said that meme coin Dogecoin should switch to proof-of-stake during his virtual appearance at Mainnet 2022, a cryptocurrency summit hosted by cryptocurrency analytics firm Messari., Ethereum switched to proof-of-stake on Sept. 15 after going through the Merge event. The upgrade has made it possible to dramatically reduce the blockchain’s carbon footprint. . However, the Dogecoin Foundation confirmed that transitioning to proof-of-stake would be part of the meme coin’s roadmap.
As for Zcash, the leading privacy coin is also on track to ditch the energy-guzzling proof-of-work consensus algorithm. During the summit, Buterin noted that the transition had gone better than expected. The community of Ethereum developers will now be focused on making the second-largest blockchain more scalable. The Canadian programmer defined scalability as the most important issue for the following 18 months, adding that this is something that the ecosystem has to “deliver on.
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