The core developer of the Dogecoin project confirmed that Dogecoin has no plans to shift to Proof-of-stake (PoS) Consensus.
Doge is a popular Proof-of-work (PoW) consensus-based blockchain network, thanks to the support of Tesla CEO Elon Musk who jumped in support of Bitcoin, Ethereum & Dogecoin. It was only Musk, who re-established the Dogecoin project team so that they can plan new development works to improve the network & create a better ecosystem for the Dogecoin users.
Recently, Michi Lumin, core Doge dev, took to Twitter to inform the Crypto Community about the plans of the Dogecoin project team.
Doge dev said that the Dogecoin blockchain operates on PoW consensus, which is much similar to Bitcoin code, and further added that decision to shift the Doge blockchain to PoS consensus is independent of any particular organisation or person because here new changes should be adopted by the Doge Community, which also includes miners.
Further, he added that there are still no plans to shift the Dogecoin on PoS consensus, and also if any proposal will come regarding this thing in the future then that will be different from the traditional PoS consensus model in many ways.
Doge dev also pointed out some Crypto influencers, who spread wrong information & news about Dogecoin’s plan only to get views & attention. Indirectly he said that all such kinds of news were fake.
Earlier this, Vitalik Buterin, co-founder of the Ethereum blockchain, talked about Dogecoin during a Twitter discussion and suggested Dogecoin foundation to switch the network to PoS consensus and also suggested introducing some kind of DAO with the help of 5 Billion per year “new PoW Doge birth” in favour of global public goods.
Read also: Australia beats El Salvador in terms of total “Bitcoin ATM” kiosks