DOGE plans to move to Proof-Of-Stake
Vitalik Buterin will help the developers of the Dogecoin cryptocurrency to switch their network to an eco-friendly Proof-of-Stake mining algorithm. The news of the partnership has recently received official confirmation.
This decision has several reasons. First, the Gigawall wallet will be added. Secondly, a new form of LibDogecoin cryptocurrency has been launched. Also, the digital asset community cares about the environment and plans to reduce its carbon footprint by switching to a new type of mining.
However, not everyone took the news positively. Many users of the cryptosphere still consider the PoW (proof of work) algorithm to be the best option for mining. Even famous personalities have made such a statement. For example, Twitter CEO Jack Dorsey.
Despite this, it looks like Dogecoin developers are serious about changing the type of mining. Note that the closest competitor of this meme-coin, the Shiba Inu cryptocurrency, plans to do the same. Let's see what happens.
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