Dogecoin Foundation and Ethereum co-founder collaborate on DOGE staking


The Dogecoin Foundation is a non-profit organization that supports the meme-based cryptocurrency Dogecoin (dog), is working with Ethereum co-founder Vitalik Buterin to develop a mortgage mechanism.

Thursday Foundation Released its Dogecoin roadmap Or the “walking the dog” that the Dogecoin Foundation is committed to exploring, which it believes will contribute to the success of Dogecoin.

As part of the roadmap, the Dogecoin Foundation is working with Buterin to build a “unique Doge proposal” for the “community pledge” version of Proof of Stake (PoS).

The Dogecoin Foundation stated that such a version will allow all Dogecoin users to pledge their Dogecoin and obtain additional tokens to support the network:

“[The PoS version] It will allow everyone, not just big players, to participate in a way that rewards their contribution to operating the network, while giving back to the entire community through charity. “

As Cointelegraph previously reported, Dogecoin Foundation rebuilds its project After six years of almost zero media activity, August 2021. As part of the new team, the foundation listed members of the advisory board, including Buterin, Dogecoin co-founder Billy Markus, and Dogecoin core developer Max Keller. According to reports, the interests of Elon Musk, CEO of Tesla and major DOGE fan, will be represented by Neuralink CEO Jared Birchall.

“As you think, embarking on such an adventure is not a trivial matter, we have just begun. We already have some influential friends and more and more people are ready to contribute development time to these open source projects, “The latest post from the Foundation reads.

related: Dogecoin and Ether in the top 10 news searches on Google in 2021

Dogecoin was founded by a software engineer in 2014 Billy Marcus and Jackson Palmer, He created the DOGE payment system with the idea of ​​”joke”. The Dogecoin Foundation ceased its activity shortly after its founder left the project.