Dogecoin Foundation works with Ethereum co-founder on DOGE staking

Dogecoin Foundation is a non-profit organization that created the meme-based cryptocurrency Dogecoin. Vitalik Buterin, Ethereum’s co-founder, is currently working on a staking system.

Thursday’s release of the Dogecoin Trailmap by the Foundation was a sign that Dogecoin Foundation is serious about exploring. It can be referred to as a “dog-walk”, and it could help to increase Dogecoin’s success.

The Dogecoin Foundation and Buterin are working together to create a “uniquely Doge” proposal for proof-of-stake (PoS) version.

The Dogecoin Foundation stated that such a version would allow Dogecoin users stake DOGE and receive tokens to support the network.

“[The PoS version] will let everyone, not just the major players, participate in a way which rewards them for running the network and gives back to the community through charitable causes.”

Cointelegraph reported that the Dogecoin Foundation has reestablished their project in August 2021, six years after almost no media activity. The foundation also included Buterin, Dogecoin founder Billy Markus, and Dogecoin core development Max Keller as members of its advisory board. Jared Birchall, CEO of Neuralink, was reportedly appointed to represent Elon Musk, Tesla CEO and major DOGE fan.

“As you can see, embarking on such an adventure was not easy and we’re just starting. The foundation’s latest post states that we already have influential friends and a growing number of people who are ready to contribute development time for these open-source projects.

Related: Ether and Dogecoin rank among the top 10 news searches on Google for 2021

Dogecoin was created in 2014 by Jackson Palmer and software engineers Billy Markus. They invented DOGE’s payment system as a joke. The Dogecoin Foundation was shut down shortly after the founders left.

https://cointelegraph.com/news/dogecoin-foundation-works-with-ethereum-co-founder-on-doge-staking

Charles Griffin

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