122
Vitalik Buterin, co-founder of Ethereum, has said during the Mainnet conference that as the proof-of-stake (PoS) consensus algorithm evolves, more networks will use it instead of proof-of-work. In particular, the mechanism could be implemented by Zcash and Dogecoin.
When asked by Messari founder Ryan Selkis whether other projects will follow in Ethereum's footsteps, Buterin has replied:
"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon."
The Merge, which was activated on Ethereum last September 15, switched the blockchain to the proof-of-stake algorithm and reduced its power consumption by 99%. The upgrade also laid the groundwork for the network's next phase, The Surge. The latter, according to Buterin, will be "a much less unique event."
Electric Coin Company has previously presented a roadmap for the development of Zcash until 2025. The plan also involves transitioning the network to PoS.
