Vitalik Buterin, the co-founder and CEO of Ethereum, recently at the Mainnet conference shared that he hopes to see Dogecoin and Zcash transition to a proof-of-stake model soon.
In a video chat with Electric Coin Company CEO Zooko, Vitalik said “I hope that Zcash moves over. I am also very hopeful that Dogecoin is going to evolve over to proof of stake at some point soon.”
Zcash is a PoW privacy coin that operates on Ethereum, connected with Zooko. When the CEO saw Ethereum’s plan on PoS, he thought his project won’t work on Ethereum anymore but was proven wrong.
Ethereum recently went through the transition from proof of work to proof of stake, where instead of miners, the validators would approve transactions, improving the scalability of the network.
However, the network has been going through some issues ever since the mainnet launch. Vitalik believes there’s some bug that exists with the blockchain that the team is trying to work on.
Nonetheless, Zooko congratulated Vitalik for the successful merge. He also shared that he is pro-PoS because Zcash has been running on the Ethereum PoS network smoothly.
When asked if Zcash will consider transitioning to PoS, Zooko said, “We've literally been waiting to see what we can learn from Ethereum. I guess what we’ve learned is that it actually works.”
For other blockchains, Vitalik believes he’s unsure because some might stick to the PoW, while some might switch to PoS. Many might also adopt a hybrid model with proof of stake and proof of work.
Ethereum is still soaring high in development, according to Vitalik, he feels relieved after the successful deployment of the biggest upgrade of the year.