Ethereum Co-founder Vitalik Buterin Expects Dogecoin, Zcash To Switch To PoS

Ethereum Cofounder Vitalik Buterin feels that other blockchains, such as Dogecoin and Zcash should be following the same strategy now that the Ethereum merge has been completed. Ryan Selkis asked Buterin at the 2022 Messari Mainnet if all networks should shift to proof-of-stake (PoS) method.

Timeline of Dogecoin, Ethereum, Zcash

According to Dune Analytics, Ethereum Name Service (ENS) has recorded a spike in registrations so far this month. Here, it's worth pointing out that this uptick comes on the back of tremendous growth logged across the month of August.

Ethereum ($ETH) co-founder Vitalik Buterin predicts that Zcash and Dogecoin will eventually switch to a proof-of-stake consensus model. Around 7:00 a.m. UTC on September 15, Ethereum's Merge upgrade was completed, which means that the Ethereum network is now only using proof-of-stake (PoS) consensus.

Ethereum price analysis is bearish today as we have seen further consolidation and failure to break past the $1,350 resistance. Therefore, ETH/USD should soon see selling pressure return, leading back below $1,300 local support early next week.

Ripple CEO Brad Garlinghouse says his crypto portfolio includes Ethereum (ETH) and that he disagrees with the U.S. Securities and Exchange Commission's (SEC) latest statements regarding the leading smart contract platform.

With the Ethereum Merge event now successfully completed, new proof-of-work (PoW) forks have emerged to vie for miner acceptance. This, as the United States government, has warned that the post-quantum world is getting closer, and vulnerable cryptography will need to be protected. Amidst red hot inflation in the U.S.

Ethereum co-founder Vitalik Buterin hopes popular meme coin Dogecoin and privacy token Zcash will move their networks to the Proof-of-Stake (PoS) consensus mechanism. The post Ethereum Cofounder Vitalik Buterin Wants Dogecoin, Zcash to Move to Proof-of-Stake appeared first on BeInCrypto.

Apart from the general market decline, which held ETH at the cycle lows, there were both positive and negative responses to the buildup to The Merge. About 4.19 million ETH worth $5.32 billion had already been sold by holders prior to the event on September 15.

The acceptance of cryptocurrency goes beyond using it as a store of value. Many investors have garnered millions of dollars by trading cryptocurrencies and saving them for a very long time. The volatility of cryptocurrency, however, makes several people indifferent about what to expect.

Ethereum price has been trading within a descending trendline, which is a sign of bearishness. Over the last 24 hours, the Ethereum price has been different as the coin registered a 6% appreciation.

The prices of the two crypto market leaders, Bitcoin and Ethereum, fell on Wednesday after the US Federal Reserve raised interest rates by 75 basis points due to inflation. Shortly, the rest of the crypto market followed suit.