Dogecoin developer denies plans to switch blockchain to Proof-of-Stake

Contrary to the opinions of some influencers, the Dogecoin team does not plan to transfer the blockchain to the Proof-of-Stake (PoS) consensus algorithm. This was stated by one of the leading developers Michi Lumin.

More info for ya. Influencers, even if they have millions of views and followers, even if they speak with authority, do not actually have the inside scoop on what’s going on with #dogecoin. Just because one says a validation method is changing, doesn’t mean it is.

— Michi Lumin (@michilumin) December 29, 2022

“It is not possible, nor is it planned, for an individual, organization or body to “move”, “port” or “change” Dogecoin to PoS. All that can be done is to sketch out the contours, perhaps implement it in code, and pass it on to the community for further decision, ”wrote the programmer.

In September, Ethereum co-founder Vitalik Buterin, during the Mainnet conference, allowed Dogecoin to migrate to the PoS algorithm as the mechanism develops. In October, Cardano Founder Charles Hoskinson proposed moving the meme-cryptocurrency into the ecosystem of his project.

According to Lumin, it is worth considering how changes are taking place in blockchains like Dogecoin, which is closer to Bitcoin technology than to more modern ones. EVM-networks.

He acknowledged that the team had an idea to propose a discussion on a potential change to the consensus mechanism. However, the implementation of such solutions is possible only with broad user support.

“If and when the proposal becomes a reality, there will be a LOT of discussion in the community before any further steps. […] A sudden and forced “move” to PoS is not possible for Dogecoin, which operates on a consensus basis. It has always been and always will be,” he said.