Ethereum’s Vitalik Buterin Expects Zcash And Dogecoin To Adopt The Environment-Friendly PoS
- Buterin expects Zcash and Dogecoin to adopt the sustainable PoS consensus
- After the successful merge upgrade, Buterin shared additional details about the upcoming Ethereum “surge” phase.
After the successful deployment of the Ethereum merge upgrade on September 15, Ethereum’s co-founder Vitalik Buterin expects Zcash and Dogecoin to transition to the proof of stake consensus model.
Buterin wishes for Zcash and Dogecoin to adopt the PoS network protocol.
Ethereum’s recent shift to the Proof of Stake consensus has stirred the crypto community in terms of sustainability. Several crypto enthusiasts and climate activists have voiced their opinions on how proof-of-work blockchains, in general, consume exorbitant amounts of electrical power, which is detrimental to the environment.
Amid all this, Ethereum’s co-founder, Vitalik Buterin, has shared his opinions on existing PoW blockchains, adding that among leading cryptocurrencies, Zcash and Dogecoin should primarily transition towards PoS consensus.
“As proof of stake matures, I expect it to just increase in legitimacy more and more over time..”I hope that Zcash moves over. “I am also very hopeful that Dogecoin is going to evolve to proof of stake at some point soon,” Buterin shared via a video call during the Messari blockchain event.
Sharing more details about Ethereum’s future roadmap, Buterin further shared that now that the blockchain has done away with its significant merge upgrade, the next stage of the roadmap encompasses the “surge” stage, which will further be divided into multiple phases.
Unlike The Merge, The Surge will be much less of a single event. It will take place in stages, “says Vitalik Buterin.
The Messari blockchain event was attended by several notable crypto professionals, including Electric Coin Company’s CEO, Zooko Wilcox. Zooko’s company, which is also responsible for heading the Zcash development, seemed to have expressed an interest in the PoS consensus model.
During the event, Wilcox was asked whether the electric coin company’s CEO would be interested in adopting the PoS consensus. In response to the question, Wilcox added that he would like to wait and see how Ethereum performs now that the merge has successfully been deployed on its mainnet.
We’ve literally been waiting to see what we could learn from Ethereum… I guess what we’ve learned is that it actually works. Zooko replied.
After its recent merge upgrade, Ethereum has now joined the growing list of proof-of-stake blockchains, which are reputedly known for being exceptionally cost and energy efficient.
Unlike Proof-of-work blockchains that are known to consume exorbitant amounts of energy to process crypto transactions, Proof-of-stake blockchains, on the other hand, are dubbed sustainable alternatives to the PoW consensus that considerably consume less energy to execute transactions on their network.