Core

Merge

Dogecoin

April

Read

<ul> 
 <li>Dogecoin core developer opposes Proof-of-Stake (PoS) amid community debates.</li> 
 <li>Mishaboar expresses concerns about centralization and regulatory issues with PoS.</li> 
 <li>Dogecoin’s future remains uncertain as debates over consensus mechanism continue.</li> 
</ul> 
<p>Amid growing discussions about the future of <a href="https://dogecoin.com/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> and its consensus mechanism, a notable stance against Proof-of-Stake (PoS) has emerged from core developer <a href="https://mishaboar.org/" target="_blank" rel="noopener noreferrer nofollow">Mishaboar</a>.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">If this refers to false “staking”, based on lending then no. The risk is too high unless you are an insider (and even then…).<br><br>If this refers to a remote possibility of Doge ever switching to PoS, after what I have seen over the past 2 years, i would probably then move to…</p>— Mishaboar (@mishaboar) <a href="https://twitter.com/mishaboar/status/1693120622048555422?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 20, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>This viewpoint comes in response to speculation regarding DOGE’s potential shift to PoS, sparked by a survey initiated by Metallicus CEO and FBBT Holdings Co-founder Marshall Hayner to gauge the community’s perspective on staking DOGE.</p> 
<p>The survey results revealed a divided community, with 60.1% against staking and 39.9% in favor. However, Mishaboar’s opposition to PoS has ignited intense debates within the DOGE community.</p> 
<p>Mishaboar expresses skepticism about PoS, He says if DOGE were to transition to PoS, he would likely shift to another Proof-of-Work (PoW) crypto and simply customize his wallet logo to include a dog.&nbsp;</p> 
<p>Accordingly, he raised concerns about PoS chains being overly centralized. Not to mention, managed by wealthy developers with significant wallets, often leading to failures in other projects. Mishaboar also questioned the compatibility of PoS for Dogecoin, citing the substantial amount of DOGE held on exchanges and potential regulatory challenges.</p> 
<p>Discussions about <a href="https://cryptonewsland.com/dogecoin-doge-price-analysis-aug-week-3-to-4/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s transition</a> to PoS began in 2021, with Ethereum co-founder Vitalik Buterin playfully introducing the idea. However, despite ongoing debates, the implementation of PoS for Dogecoin remains a topic of discussion rather than a concrete plan.</p> 
<p>Hayner, responding to Mishaboar’s critique, clarified the context of his survey, focusing on staking in the PoS consensus and block validation context.</p> 
<p>Mishaboar’s stance and the <a href="https://cryptonewsland.com/dogecoin-makes-sudden-pump-with-x-app-integration-speculation/" target="_blank" rel="noopener noreferrer nofollow">potential implications</a> of his departure from the project are significant due to his influential role in the Dogecoin ecosystem.&nbsp;</p> 
<p>As debates continue over the ideal consensus mechanism for the meme-inspired cryptocurrency, uncertainties loom over its future.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/ethereums-goerli-testnet-transitions-to-proof-of-stake-pos/" rel="noopener noreferrer nofollow">Ethereum’s Goerli Testnet Transitions to Proof-of-Stake (PoS)</a></li> 
 <li><a href="https://cryptonewsland.com/iohk-types-of-blockchain-consensus-mechanisms/" rel="noopener noreferrer nofollow">IOHK: Types of Blockchain Consensus Mechanisms</a></li> 
 <li><a href="https://cryptonewsland.com/ethereum-shanghai-upgrade-arrives-on-april-12-2023/" rel="noopener noreferrer nofollow">Ethereum Shanghai Upgrade To Arrive on April 12, 2023</a></li> 
 <li><a href="https://cryptonewsland.com/eth-energy-consumption-dropped-99-99-amid-merge-to-proof-of-stake/" rel="noopener noreferrer nofollow">$ETH Energy Consumption Dropped 99.99% Amid Merge to Proof-of-Stake</a></li> 
 <li><a href="https://cryptonewsland.com/cores-revolutionary-satoshi-plus-consensus-marries-decentralization-security-and-scalability/" rel="noopener noreferrer nofollow">Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/dogecoin-core-developer-opposes-move-to-proof-of-stake/">Dogecoin Core Developer Opposes Move to Proof-of-Stake</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Dogecoin Core Developer Opposes Move to Proof-of-Stake

Crypto News Land

Otros artículos publicados el 21 ago 2023

XRP Seeks to Extend Rebound After Dipping Below $0.44

Vitalik Buterin’s $1 Million ETH Transfer to Coinbase Raises Questions!

China introduces new ID metaverse proposal

Glow token founder sues Crypto.com after falling victim to scam

Why is SafePal (SFP) Surging in Price? Symmetrical Triangle Breakout Signals Mega Pump

China proposes to bring its social credit system to the metaverse: Report

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!