The Dogecoin Foundation stated that it is working with Ethereum’s Vitalik Buterin to develop a staking concept – Bitcoin News

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According to the Dogecoin Foundation, the organization is working with Vitalik Buterin to build a Proof of Stake (PoS) function for the Dogecoin network. The “Unique Governor Proposal” aims to support the “community pledge” version of the agreement.

The Dogecoin Foundation discusses the “roadmap” of the project

On December 23, the official Twitter account of the Dogecoin Foundation Tweet “About the digital currency network”route map,” A series of measures basically detailed the proposed direction of the Dogecoin blockchain and ecosystem. The Dogecoin Foundation stated that the traditional encryption “roadmap” is a strict summary of the direction of the cryptocurrency network, usually ” Lead by a company or’leader’. “

The foundation behind the Dogecoin blockchain protocol states that Dogecoin has always been “community driven” with “many individual and organizational contributors.” “Dogeecoin is a community-driven, consensus-based open source project. Its direction is formed by many individual and organizational contributors to various projects on the Dogecoin blockchain. [and] Ecosystem,” the Dogecoin Foundation’s blog post points out. The Dogecoin roadmap adds:

This roadmap represents a dog-walking journey that the Dogecoin Foundation is committed to exploring, and we believe this will contribute to the success of Dogecoin.

Trailmap explained some of the ongoing projects and proposals of the foundation, and shared the recently released Dogecoin Declaration The organization was released in August. Essentially, the basic principle of Trailmap emphasizes that the utility of encrypted assets is equivalent to adoption.

The Gigawallet project and the community staking version of PoS developed in cooperation with Vitalik

One of the mentioned items is Super Wallet Project, This is “an open source project that aims to fill this gap by providing a node/API solution that can be set up in a few seconds, and allows developers to add Dogecoin transactions to their platform, just like they It’s as easy as any good payment provider.” The Dogecoin Foundation believes that the Gigawallet project will “rapidly accelerate” the adoption of Dogecoin (DOGE).

In addition to the Gigawallet project, the foundation also claims to be working with Ethereum co-founder Vitalik Buterin. “foundation [is] It also cooperated with Vitalik to develop a unique Doge proposal for the “community pledge” version of PoS, which will allow everyone, not just big players, to participate in a way that rewards their contribution to running the network, while giving back through charity The whole community,” Trailmap details.

The foundation’s PoS proposal follows Buterin’s June statement regarding cooperation with the Dogecoin community.Ethereum co-creator Discussed this topic On the Lex Fridman podcast. “If Doge wanted to connect to Ethereum in some way, then people could make thousands of transactions per second in a loop, that would be amazing,” Buterin said at the time.

In addition, in September last year, the co-founder of Dogecoin Billy Markus suggestion The Ethereum Bridge and compatible non-fungible token (NFT) market will enhance the Dogecoin network. “I think there are two things that can help Dogecoin: [The] Complete DOGE↔Ethereum bridge, [and] NFT platforms (such as Opensea) allow DOGE-Ethereum Tokens used for purchase,” Marcus commented on Twitter. “Cryptocurrencies have a great demand for NFT purchases. Allowing DOGE to purchase NFT greatly improves its utility. “

Tags in this story

use, Billy Marcus, Governor, Dog adoption, Dogecoin, Dogecoin (DOGE), Adopting Dogecoin, Dogecoin Foundation, Ethereum Bridge, Ethereum co-creator, Super Wallet Project, nft, NFT, Proof of equity, Proof of equity, route map, Public utilities, Vitalik, Vitalik Butrin

What do you think of the Trailmap of the Dogecoin Foundation and the foundation that cooperates with Vitalik to develop a Doge PoS system? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about destructive protocols emerging today.




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