Innovation is important for the success of brands in technology, and Ethereum Merge is one of the best examples to highlight such advancements.
The Merge is an update to the Ethereum blockchain, and its innovation will push the crypto space in a new direction.
Vitalik Buterin, the co-founder of Ethereum, believes that other blockchains should also evolve and move to proof-of-stake.
Hoping that other blockchains will follow
Now that the Ethereum Merge is complete, Buttrin thinks other blockchains, including Dogecoin and Zcash, should follow a similar path.
During Friday’s Mainnet Messari conference, he said on video:
“As proof of stake matures, I expect it to just increase in legitimacy more and more over time.”
“I hope that Zcash moves over. I am also very hopeful that Dogecoin is going to evolve over to proof of stake at some point soon.”
The Merge
In early September, Ethereum finally hosted the highly anticipated Merge event.
The Merge moved the core network from the energy-intensive proof-of-work (PoW) model to the more energy-efficient proof-of-stake (PoS) model.
According to Buterin, the high-stakes event went smoothly, although there were bugs with each merge test.
The Mainnet Conference
During the Mainnet Conference, Buterin spoke with Messari CEO Ryan Selkis and Electric Coin Company CEO Zooko Wilcox-O’Hearn.
“You emailed me your plan for Ethereum, and I was like, ‘Holy shit. This is so exciting. And it’ll never work,’” said Wilcox-O’Hearn.
“And then you and the Ethereum [developers] proved me wrong. It totally worked.”
Zooko, best known for his association with the privacy coin PoW Zcash, shared that he initially thought the Ethereum Merge would never work.
Later, however, his feelings about the Merge changed.
“You should be proud of yourselves for the rest of your life,” Zooko said, referring to Buterin and Ethereum developers.
The CEO of Electric Coin Company said he is waiting to see how Ethereum has fared since the upgrade to see if Zcash should hold its own Merge-like event.
“We’ve literally been waiting to see what we can learn from Ethereum,” said Zooko.
“I guess what we’ve learned is that it actually works.”
Buterin and the transition to PoS
As for other channels making the leap to proof-of-stake, Vitalik Buterin is willing to wait, but he thinks some will.
“For the other chains, we’ll see,” he said. “Some of them might; I’m sure at least some of them never will.”
“There might even be some compromise middle ground where some chains end up moving to some kind of hybrid proof of stake.”
The Ethereum co-founder has been relieved of the company’s status for the time being and says it will be better positioned after the Merge.
“A sky that has been cloudy for almost a decade finally cleared,” Buterin described of the Merge.
Reference:
Ethereum’s Vitalik Buterin ‘very hopeful’ Dogecoin moves to Proof of Stake
