Will Elon Musk Collaborate With Vitalik Buterin On Dogecoin Update? This Crypto Commentator Says It Is Possible ⋆ ZyCrypto
One of the big names in the cryptocurrency industry, David Gokhshtein, has teamed up with Ethereum co-creator Vitalik Buterin and Tesla/SpaceX/Twitter chief Elon Musk to create meme king Dogecoin ( DOGE) shared on Twitter that they are working on an upgrade.
Gokhshtein is confident that these two Cryptoverse moguls will not collaborate on Bitcoin.
Elon-Buterin Dogecoin collaboration coming soon?
David Gokhshtein expects Dogefather Elon Musk to work with Vitalik Buterin to improve Dogecoin (DOGE).
The former US congressional candidate and founder of Gokhshtein Media, in his next comment about Buterin’s Shiba Inu-themed meme coin, probably concluded: Last September, he proposed that his Doge switch from its current Proof of Work (PoW) security system to Proof of Stake (PoS), which uses Ethereum code.Master of Ethereum repeated This is during a talk at the Messari Mainnet Summit 2022 in September.
Interestingly, the Dogecoin Foundation was revived last October with Buterin and Tesla head Jared Birchall joining as advisors. At the time, Buterin’s father Dmitry said his son’s participation was a positive development as it could help DOGE become a better coin.
Ethereum recently moved from energy-intensive PoW to PoS. PoS is a consensus mechanism that does not rely on the accumulation of dedicated mining computers after a perfectly executed Merge event.
Meanwhile, Elon Musk has been working with DOGE developers for years to make the dog-inspired cryptocurrency a greener, cheaper alternative to Bitcoin.Market experts say the electric car tycoon-turned-Twitter owner will soon Incorporate Dogecoin Became a social media giant after his dramatic $44 billion acquisition. Until now, his Musk’s actual involvement in cryptocurrency, which began as a parody, has been a mystery.
Musk appears to be trying to bring Dogecoin to the moon, but don’t expect him to work with Buterin and other industry leaders on cryptocurrency benchmarks.
Musk, Buterin Not Likely to Work on Bitcoin
Dogecoin was created in 2013 as a counterattack to Bitcoin, but Musk has clearly turned its back on the market roadster. According to Gokhshtein, the world’s richest person on Ethereum would not be interested in partnering with Buterin to work on Bitcoin.
Despite Tesla’s promise to do so, Resume BTC payments As bitcoin mining becomes a greener industry, Musk has shown no love for the leading cryptocurrency the way he did when an electric car company bought $1.5 billion worth of assets. did.
Gokhshtein believes Musk’s goal is to turn the soaring “joke coin” under his patronage into “something serious.” But despite his strong endorsement, Memecoin is now down 87.9% from its all-time high of 73 cents in May 2021.
https://zycrypto.com/will-elon-musk-work-with-vitalik-buterin-on-dogecoin-update-this-crypto-pundit-says-its-possible/ Will Elon Musk Collaborate With Vitalik Buterin On Dogecoin Update? This Crypto Commentator Says It Is Possible ⋆ ZyCrypto