The hype around Elon Musk’s favourite crypto continues to overwhelm the crypto space, so much so that Vitalik Buterin, co-founder of Ethereum, seems to be seriously interested in a cooperation with Dogecoin (DOGE).
After months of Musk’s playful poking fun at Buterin’s analysis of DOGE’s scalability, in which the Tesla CEO had publicly stated that Buterin was afraid of the much-loved crypto, the co-founder of Ethereum now seems to want to intervene.
The collaboration between Dogecoin and Ethereum
And indeed, this is what Buterin recently posted on the social network of crypto-lovers:
Personally, I hope that doge can switch to PoS soon, perhaps using ethereum code. I also hope they don't cancel the 5b/year annual PoW issuance, instead they put it in some kind of DAO that funds global public goods. Would fit well with dogecoin's non-greedy wholesome ethos.
— vitalik.eth (@VitalikButerin) September 2, 2021
“Personally, I hope that doge can switch to PoS soon, perhaps using Ethereum code. I also hope they don’t cancel the 5b/year annual PoW issuance, instead they put it in some kind of DAO that funds global public goods. Would fit well with dogecoin’s non-greedy wholesome ethos”.
Always very technical, the Russian computer scientist behind Ethereum stated his interest in wanting to cooperate on the development of the meme crypto par excellence, obviously suggesting using ETH’s code that would move DOGE from Proof of Work to Proof of Stake.
This is the same mission that Ethereum is trying to accomplish with its forks, the latest of which was London last month, and it seems to have improved the performance of the smart contract crypto.
Vitalik Buterin and the cooperation between DOGE and Ethereum
Buterin’s message, in reality, is only a confirmation of his existing presence within the Dogecoin Foundation, resurrected after six years. In fact, the foundation’s Twitter channel is now live again, represented by both Musk and Buterin.
The aim of the cooperation is to support the Dogecoin ecosystem, its future and its blockchain.
The meme crypto is also very active, and at the time of writing, it seems to be following the general upward trend in cryptocurrencies, standing at $0.31.
DOGE remains among the top 10 crypto assets by market capitalization, with a total market cap of over $40 billion and a 1.74% dominance of the entire crypto market.
On the other hand, Ethereum doesn’t seem to be outdone, and in the last few days has been hovering near $4000.
Buterin joins the crowd: everyone wants DOGE
Buterin joins the general sentiment surrounding DOGE lately. Indeed, the crypto of memes seems to be increasingly associated with big cryptocurrencies such as Bitcoin but also Ethereum itself. Indeed, today DOGE’s Fear and Greed index seems to be marking 70 points of euphoria.
DOGE has also recently entered the world of football, taking the field directly in the Premier League as a sleeve sponsor of Watford.
Another nice step coming directly from the community is the petition regarding the adoption of DOGE in Walmart shops which, at the time of writing, has gathered 2320 fan signatures out of 2500 required.