Ethereum co-founder Vitalik Buterin expects popular meme cryptocurrency Dogecoin and privacy coin Zcash to turn into a consensus mechanism proof k-stakes (POS).
Buterin expressed this opinion in ‘Messari Mainnet 2022‘ When Ryan Selkis asked if all networks should go PoS. The event was also attended by Zcash founder Zuko Wilcox-O’Hearn.
This is not the first time Buterin has urged Zcash to be converted to PoS. He had said the same thing in 2018, to which Zuko replied that I was waiting for Ethereum to do this first so I could see what went wrong.
As for Dogecoin, earlier this year, it was reported that Vitalik was working with the Dogecoin Foundation to migrate from PoW to PoS. However, there is no fixed date for when the change will happen.
Selkis, who served as moderator, asked questions as both answered, delving into different aspects of the technology. blockchain,
Buterin talks about transaction fees
According to Buterin, The most important thing besides privacy is scalability, Especially in terms of fees.
a . feasibility of blockchain This will depend on whether it costs $3 or 3 cents to send a transaction, compared to traditional technology. Buterin said:
“Transaction fees may seem like just a number, but for communities, we want […] outside rich countries […] The difference between 3 dollars and 3 cents is a big deal. And that’s something we really have to get done.”
Another evolution of Ethereum
Buterin also explained what will happen next for Ethereum after the merger. According to him, Surge, the next major upgrade of Ethereum, It won’t be like “The Merge”. It will come in phases rather than one big event.
Buterin previously stated that Ethereum would only be 55% complete after the merger.
The Ethereum Foundation said that Will apply surge technology sharding (fragmentation, in Spanish), dramatically increasing Ethereum’s transaction processing rate from 20 to about 100,000 per second.
Zcash aims for great heights
Zuko talked about the role of Zcash in the coming months, particularly the secrecy in the face of the authorities’ crackdown on Tornado Cash.
According to him, Zcash already has a technology layer and a culture of privacy, which will make a difference. However, he didn’t agree with all of Buterin’s predictions for Ethereum. For example, There was doubt that in five years there would be secrecy at the base layer of the network,
“I don’t know if you’re right. [el intento de] The decentralization of the block-producing ecosystem is going to be successful again,” he said. But Vitalik replied that time will tell.
Disclaimer
All information contained on our website is published in good faith and for general information purposes only. Any action taken by readers on information found on our website is strictly at their own risk.
Credit: Source link