The hype surrounding Elon Musk’s favorite cryptocurrency continues to dominate cryptospace
After months of mocking Buterin’s analysis of DOGE’s scalability, in which Tesla’s CEO declared publicly that Buterin was afraid of the much-loved crypto, Ethereum co-founder Vitalik Buterin is seriously interested in Dogecoin.
The collaboration between Dogecoin and Ethereum
And, in fact, this is what Buterin recently posted on the crypto lovers social network:
What are some promising ideas for Ethereum / Doge cooperation? What was it about Doge that got you interested in the project?
— Zhu Su 🔺 (@zhusu) September 2, 2021
“Personally, I hope the doge can switch to PoS soon, perhaps using the Ethereum code. I also hope they don’t cancel the 5 billion/year annual PoW issuance, instead they put it into some kind of DAO that funds global public goods. It would fit well with the healthy non-greedy ethos of dogecoin.”
Always very technical, the Russian computer scientist behind the Ethereum expressed his interest in wanting to cooperate in the development of the quintessential cryptocurrency meme, obviously suggesting the use of the ETH code that would move the DOGE from Proof of Work to Proof of Stake.
This is the same mission Ethereum is trying to accomplish with its forks, the last of which was in London last month, and it appears to have improved the performance of the smart contract cryptocurrency.
Vitalik Buterin and the cooperation between DOGE and Ethereum
Buterin’s message, in reality, is just a confirmation of his existing presence in the Dogecoin foundation, resurrected after six years. In fact, the foundation’s Twitter channel is live again, represented by Musk and Buterin.
The aim of the cooperation is to support the Dogecoin ecosystem, its future and its blockchain.
The crypto meme is also very active and, at the time of this writing, it appears to be following the general upward trend in cryptocurrencies, at $31.
DOGE remains in the top 10 active crypto by market capitalization, with a total market capitalization of over $40 billion and a 1.74% dominance of the entire crypto market.
On the other hand, Ethereum doesn’t seem to have fallen behind, and in recent days it has hovered close to $4000.
Buterin joins the crowd: everyone wants DOGE
Buterin has joined the general sentiment around DOGE recently. In fact, crypto memes seem to be increasingly associated with large cryptocurrencies like Bitcoin, but also Ethereum itself. In fact, DOGE’s fear and greed index today seems to be scoring 70 euphoria points.
Dogecoin Fear and Greed Index is 70 ~ Greed pic.twitter.com/Beg8uoyNnZ
— Doge Fear and Greed Index (@DogecoinFear) September 6, 2021
DOGE has also recently entered the world of football, taking the field directly in the Premier League as a sponsor of Watford.
Another good step coming directly from the community is the petition about adopting DOGE at Walmart stores which, at the time of this writing, gathered 2,320 fan signatures out of the 2,500 required.