Pexels.com
Main page News, Blockchain, Dogecoin, Crypto Market

Dogecoin core developer, Michi Lumin, said in a tweet thread there are no plans to move the blockchain from Proof-of-Work to the Proof-of-Stake algorithm.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

He added that those who "claim they 'know' what's going on in this matter have failed to even educate themselves on the concept of blockchain consensus."

Lumin went on saying that influencers, "even if they have millions of views" don't have the inside scoop on "what's going on with dogecoin."

Elon Musk, Tesla and SpaceX are Sued for Promoting Dogecoin

"Just because one says a validation method is changing, doesn't mean it is," Lumin concluded.

In late September, Ethereum Co-Founder, Vitalik Buterin, said during the Mainnet conference that the Proof-of-Stake consensus mechanism could be implemented by Dogecoin. Later, Cardano's developer, Charles Hoskinson, suggested transferring Dogecoin to his project's ecosystem.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.