Mr Vitalik Buterin, Co-Founder Ethereum predict that the system Blockchain of Zcash coins and coins Dogecoin will switch to a working mechanism Future Proof-of-Stake
Buterin said at the Mainnet Blockchain that Zcash and Dogecoin may follow in the footsteps of Ethereum, which eventually switched to a cryptographic mechanism. Proof-of-Stake
Mr Vitalik Buterin answered the question that “Should all networks switch to PoS systems?”
“I think it should. I expect the system. Proof-of-Stake will get better over time And I hope that Zcash and Dogecoin will switch to the system. Proof-of-Stake soon.”
On September 15, Ethereum passed the much-awaited upgrade of The Merge. and has replaced the consensus mechanism from the system Proof-of-Work to Proof-of-Stake system After many years of development And according to the Ethereum Foundation report, the transition to the system Ethereum’s Proof-of-Stake Will Reduce Ethereum Power By 99.9%
After the latter, the team behind Zcash and Dogecoin expressed interest in switching to the system. Proof-of-Stake
In mid-2021, the Electric Coin Company, the company behind the Zcash coin development, wrote:blog postAbout the details of how to develop into PoS system
Dogecoin has a similar idea. however Changing a consensus system is easy to say, but hard to do. It is imperative to talk to the community how the change will affect the network.
Both Zcash and Dogecoin are coins. Cryptocurrency working with the system Top Proof-of-Work by market cap, both of which are mining hardware assets. And it takes a lot of power to process new blocks.
On the other hand, the consensus system Proof-of-Stake It relies on scrutiny from coin leaders to stake on the network, eliminating the need for electricity and hardware to monitor.
Source : The Block