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Vitalik Buterin looks forward to other blockchains jumping over to Proof of Stake

Following Ethereum Merge, Vitalik Buterin is optimistic about other blockchains following suit

Image source: Forkast

Innovation is important for brands to continue, and the Ethereum Merge is one of the best examples to emphasize this.

The Merge is an upgrade to the Ethereum blockchain, and its innovation has taken the crypto space into a new direction.

Vitalik Buterin, the co-founder of Ethereum, believes that other blockchains should look to scale and move to proof of stake.

Encouraging other blockchains

With the Ethereum Merge complete, Buterin feels that other blockchains, including Dogecoin and Zcash, should follow a similar step.

On Friday, he spoke at the Messari Mainnet conference over video and said:

“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.”

Read also: Vitalik Buterin, Ethereum Co-Founder, and Other Billionaires Weigh in On Impact of the Crypto Market Crash

The Merge

Earlier in September, Ethereum finally executed the long-awaited merge event.

The Merge saw the main network move from the energy-intensive proof-of-work or PoW model to the more energy-efficient proof-of-stake (PoS) model.

According to Buterin, despite every test network merge encountering some sort of bug, the high-stakes event went smoothly.

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 is best known for his connection to the PoW privacy coin Zcash, and he shared that he initially thought the Ethereum merge would never work.

However, his sentiments have changed.

“You should be proud of yourselves for the rest of your life,” Zooko said, referring to Butern and the Ethereum developers.

The Electric Coin Company CEO said he was waiting to see how Ethereum fares since the upgrade to see if Zcash should execute 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.”

Read also: In Preparation for the Merge, Should You Stake Ethereum?

Buterin and the leap to PoS

Regarding other chains making the jump to proof-of-stake, Vitalik Buterin is willing to wait, but he believes some will execute the move.

“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.”

As of the  moment, the Ethereum co-founder is relieved with the state of Ethereum, saying it is in a better position post-merge.

“A sky that has been cloudy for almost a decade finally cleared,” he described.

Reference:

Ethereum’s Vitalik Buterin ‘very hopeful’ Dogecoin moves to Proof of Stake

Opinions expressed by Coin Week contributors are their own.

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