{"id":1690061,"date":"2022-09-25T08:23:30","date_gmt":"2022-09-25T12:23:30","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/?post_type=station&p=1690061"},"modified":"2022-09-25T10:40:07","modified_gmt":"2022-09-25T14:40:07","slug":"vitalik-hopes-dogecoin-doge-and-zcash-zec-will-also-move-to-pos-consensus","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/vitalik-hopes-dogecoin-doge-and-zcash-zec-will-also-move-to-pos-consensus\/","title":{"rendered":"Vitalik Hopes Dogecoin ($DOGE) and Zcash ($ZEC) Will Also Move to PoS Consensus"},"content":{"rendered":"
<\/div>\n

Ethereum ($ETH) co-founder Vitalik Buterin predicts that Zcash and Dogecoin will eventually switch to a proof-of-stake consensus model.<\/p>\n

Around 7:00 a.m. UTC on September 15, Ethereum\u2019s Merge upgrade was completed, which means that the Ethereum network is now only using proof-of-stake (PoS) consensus.<\/p>\n

Ethereum creator Vitalik Buterin called this successful upgrade \u201ca big moment for the Ethereum ecosystem\u201d:<\/p>\n

\n
\n
\n

And we finalized!<\/p>\n

Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.<\/p>\n

\u2014 vitalik.eth (@VitalikButerin) September 15, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Although Dogecoin and Zcash currently use energy-hungry proof-of-work (PoW) consensus \u2014 just like Bitcoin \u2014 Buterin hopes this will soon change.<\/p>\n

According to a report<\/a> by Decrypt, this is what Buterin said at at Messari\u2019s annual conference\u00a0Mainnet\u00a0(September 21-23, 2022) \u2014 in New York City:<\/p>\n

\u201cI\u2019d say should<\/em>\u2026 As proof of stake matures, I expect it to just increase in legitimacy more and more over time\u2026 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.<\/em>\u201c<\/p>\n

On September 23, Vitalik Buterin and Zooko Wilcox (Founder and CEO of Electric Coin Company) had a conversation moderated by Messari Co-Founder and CEO Ryan Selkis.<\/p>\n

According to Decrypt\u2019s report, when Wilcox was asked if Zcash developers are also considering a move to PoW consensus, he replied:<\/p>\n

\u201cWe\u2019ve literally been waiting to see what we can learn from Ethereum. I guess what we\u2019ve learned is that it actually works.<\/em>\u201c<\/p>\n

On 20 May 2022, Nathan Wilcox, CTO at Electric Coin Company, published a blog post<\/a> titled \u201cZcash Proof-of-Stake Research\u201d, in which he wrote:<\/p>\n

\u201cIn August, ECC shared its\u00a0rationale\u00a0for moving Zcash from a proof-of-work consensus mechanism to proof-of-stake. While most of ECC is focused on the upcoming deployment of Halo and the shielded-by-default ecosystem in the\u00a0impending NU5 update, a few of us have begun the initial research phase with a goal of producing a concrete transition proposal to the Zcash community.<\/em>..<\/p>\n

\u201cThis research will ultimately produce a proposal that recommends Zcash move to a proof-of-stake protocol. This proposal could change the broader use case for the ZEC currency and place its underlying technologies at the forefront of Web3.\u00a0<\/em><\/p>\n

\u201cTo provide ZEC users with as much information as possible, we will be releasing a series of technical research blogs in the coming months. This will give community members a chance to provide feedback and ask questions on our approach, long before we begin developing a specific proposal.<\/em><\/p>\n

\u201cBy releasing our research prior to a proposal, we hope Zcash community members understand our vision for the ZEC currency, and why a change to proof-of-stake would benefit ZEC\u2019s utility. We believe this change will create a better user experience, more utility, and more adoption for ZEC, and look forward to feedback from across the community.<\/em>\u201c<\/p>\n","protected":false},"author":1,"featured_media":1591239,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[3634,3884,14560,6428,3888,14557,4150,14559,5019,3767,14958,4158,4302,3837,3793,3646,4089,14576,7457,14558,8453,12764,9642,14556,8593,14575,7894,14555],"artist":[14959],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/1690061"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/1591239"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=1690061"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=1690061"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=1690061"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=1690061"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=1690061"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=1690061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}