If Ethereum co-founder Vitalik Buterin gets his way, Dogecoin could undergo a makeover that would mark a huge step forward in its development.

With DOGE struggling to regain its former form from earlier this year, this proposal could help rekindle interest in the controversial meme token.

How can Dogecoin develop?

As a “Twitter experiment,” Buterin posted a tweet asking the people he follows to ask him anything about crypto and non-crypto related questions.

I’m doing a random twitter experiment right now that day. Only the 268 people I follow can reply to this tweet. Feel free to ask questions and I’ll talk about anything crypto or non-crypto related.

– vitalik.eth (italVitalikButerin) September 1, 2021

Three Arrows Capital CEO Su Zhu duly responded by asking Buterin about his Dogecoin / Ethereum integration ideas.

Similar to how Ethereum is attempting to achieve ETH 2.0, Buterin suggested that Dogecoin change its consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS). He added that by using Ethereum code, developers would not have to start from scratch.

I personally hope that Doge can switch to PoS soon, maybe with Ethereum code. “

PoS vs. PoW is a hotly contested issue as advocates on both sides claim their superiority.

In general, PoS offers more scalability and throughput. However, a fully decentralized PoW network with a high hash rate (strong miner support) is considered more secure.

The determining factor in this day and age, however, seems to come from environmental concerns that favor PoS over PoW networks. PoW critics say that the high power consumption and the use of environmentally harmful power sources are not sustainable in the long term.

Buterin also has a charity proposal

Dogecoin critics often point to the protocol’s inflationary supply. So the question of how a token with an infinite supply has any value.

DOGE was originally launched with an offering of 100 billion fixed tokens. However, based on promoting its use as a tilting mechanism while discouraging the dodgy, the developers removed that limit. Currently, $ 5 billion DOGE is added to the offering every year.

Buterin said he was in favor of maintaining inflationary issuance. But instead of stepping into token supply, he suggests channeling the funds into a decentralized autonomous organization (DAO) that “funds global public goods.” According to Buterin, this corresponds to the “healthy ethos” of Dogecoin.

“I also hope they don’t cancel the $ 5 billion annual PoW issue but put it into some kind of DAO that finances global public goods. Would go well with the non-greedy wholesome ethos of Dogecoin.

Earlier this year, when Dogecoin rose higher, its co-founder Billy Markus reappeared by posting an open letter on Reddit explaining why he disappeared and what he wants for DOGE in the future.

In it, he said it was his hope that Dogecoin can be a force for good. Although not specifically mentioned, Markus indicated that this would help counteract the negative aspects commonly found in the crypto space.

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