• Latest
  • Trending
  • All
  • News
  • Lifestyle
Dogecoin Foundation Joins Forces With Vitalik Buterin to Build Community Staking thumbnail

Dogecoin Foundation Joins Forces With Vitalik Buterin to Build Community Staking

January 12, 2022
'It's frustrating and stressful.' 40 million people are in the dark about whether or not student loan payments will resume thumbnail

‘It’s frustrating and stressful.’ 40 million people are in the dark about whether or not student loan payments will resume

August 18, 2022
Boston police save the day by ferrying stranded groom to wedding in harbor thumbnail

Boston police save the day by ferrying stranded groom to wedding in harbor

August 18, 2022
U.S. retail sales flat in July; core sales rise thumbnail

U.S. retail sales flat in July; core sales rise

August 18, 2022
Always Tired, I Thought It Was Stress. Turns Out, It Was Sleep Apnea thumbnail

Always Tired, I Thought It Was Stress. Turns Out, It Was Sleep Apnea

August 18, 2022
Massachusetts law on hold until Supreme Court decides California case thumbnail

Massachusetts law on hold until Supreme Court decides California case

August 17, 2022
Arizona Republicans are making a case against the idea of democracy itself thumbnail

Arizona Republicans are making a case against the idea of democracy itself

August 17, 2022
Dietary Supplements Are No Substitute For a Healthy Lifestyle thumbnail

Dietary Supplements Are No Substitute For a Healthy Lifestyle

August 17, 2022
Boston Children's Hospital: Children Know They Are Trans 'the Minute They Were Born' thumbnail

Boston Children’s Hospital: Children Know They Are Trans ‘the Minute They Were Born’

August 17, 2022
Most Americans say government, corporations responsible for tackling climate change thumbnail

Most Americans say government, corporations responsible for tackling climate change

August 17, 2022
Meet the marine geologist mapping the deepest point on Earth thumbnail

Meet the marine geologist mapping the deepest point on Earth

August 17, 2022
Hackers prove it doesn’t take much to hijack a dead satellite thumbnail

Hackers prove it doesn’t take much to hijack a dead satellite

August 17, 2022
Massachusetts climate law boosts offshore wind, EVs thumbnail

Massachusetts climate law boosts offshore wind, EVs

August 16, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate
Thursday, August 18, 2022
66 °f
Wellfleet
58 ° Tue
63 ° Wed
68 ° Thu
61 ° Fri
  • Login
  • Register
FREE Cape Cod News
DONATE
  • FREE Cape Cod News
  • News
    • News
    • Cape Cod News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
No Result
View All Result
Free Cape Cod News
No Result
View All Result
  • FREE Cape Cod News
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Photos
  • Videos
Home Business Cryptocurrency News

Dogecoin Foundation Joins Forces With Vitalik Buterin to Build Community Staking

FREE Cape Cod News by FREE Cape Cod News
January 12, 2022
in Cryptocurrency News
Reading Time: 2 mins read
Donate
0
Dogecoin Foundation Joins Forces With Vitalik Buterin to Build Community Staking thumbnail
632
SHARES
1.4k
VIEWS
Share on TwitterShare on Facebook

The Dogecoin Foundation, a non-profit organization dedicated to the growth of popular meme-inspired cryptocurrency Dogecoin (DOGE), has joined forces with the founder of Ethereum, Vitalik Buterin. The idea is to design a “Community Staking” system based on the Proof-of-Stake (PoS) consensus mechanism.

This comes months after the foundation announced at the Bitcoin ESG conference held earlier this year that it is moving Dogecoin from Proof-of-Work to Proof-of-Stake.

What is Community Staking?

According to the Dogecoin Trailmap, community staking is a version of PoS that allows all community members, and not just whales, to earn rewards for their participation and contribution to the Dogecoin ecosystem. Additionally, users will be able to give back to the whole community through charitable causes.

The foundation is also working with other projects including Gigawallet, a PoS wallet project, and Libdogecoin, a javascript library for Dogecoin.

As per the recent update, the community staking is already in its testing phase with support from integrators who showed interest.

“Over the next few months the Libdogecoin and GigaWallet projects will begin to take shape, and we have some early integrators who are interested in putting them to use in their projects. These early projects are about laying a solid foundation, while projects still to come will target improving transaction throughput and scale,” the foundation wrote.

Shifting from PoW to PoS

Dogecoin was originally built as a PoW cryptocurrency like Bitcoin. However, in recent times, there have been lots of energy efficiency arguments about PoW projects. Recall that even Elon Musk’s Tesla stopped accepting BTC payments for its products earlier this year, citing environmental concerns.

But Dogecoin is not the only project planning to move to PoS next year. Ethereum’s move to PoS has been in the pipeline for a long time now and it will play a major role in the Ethereum 2.0 upgrade in 2022.

Read More

Tags: cryptocryptocurrencydigital cryptocurrencydogedogecoin

FREE Digital Newspaper Subscription!
Sign up for your free digital subscription. The FREE Cape Cod News

Unsubscribe
FREE Cape Cod News

FREE Cape Cod News

Free Cape Cod News is what's happening in the Cape Cod, U.S and World & what people are talking about right now. Local newspaper. Stay in the know. Subscribe to get notified about our latest news.

Related Posts

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender thumbnail
Cryptocurrency News

‘Bachelorette’ contestant’s firefighter dad has retirement locked up in bankrupt crypto lender

by FREE Cape Cod News
August 13, 2022
The Globalists Are Bluffing And It’s Time To Call Them Out thumbnail
Cryptocurrency News

The Globalists Are Bluffing And It’s Time To Call Them Out

by FREE Cape Cod News
August 6, 2022
Will digital dollars ever replace hard currency in the US? thumbnail
Cryptocurrency News

Will digital dollars ever replace hard currency in the US?

by FREE Cape Cod News
July 20, 2022
Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government thumbnail
Cryptocurrency News

Coinbase Responds to Reports of Selling Customer ‘Geo Tracking’ Data to US Government

by FREE Cape Cod News
July 3, 2022
Load More
Please login to join discussion

Follow Us on Twitter

FREE Cape Cod News - Your source for local Cape Cod news, latest breaking U.S. and World news. Every day, all day. Subscribe for your favorite categories.

  • Trending
  • Comments
  • Latest
Analysis: A big warning sign for Trump's campaign thumbnail

Analysis: A big warning sign for Trump’s campaign

July 27, 2020
See why Fox News cut away from a White House press briefing thumbnail

See why Fox News cut away from a White House press briefing

July 27, 2020
Boston police save the day by ferrying stranded groom to wedding in harbor thumbnail

Boston police save the day by ferrying stranded groom to wedding in harbor

August 18, 2022
'It's frustrating and stressful.' 40 million people are in the dark about whether or not student loan payments will resume thumbnail

‘It’s frustrating and stressful.’ 40 million people are in the dark about whether or not student loan payments will resume

August 18, 2022
Boston police save the day by ferrying stranded groom to wedding in harbor thumbnail

Boston police save the day by ferrying stranded groom to wedding in harbor

August 18, 2022
U.S. retail sales flat in July; core sales rise thumbnail

U.S. retail sales flat in July; core sales rise

August 18, 2022
Support Local News, Make a Donation Support Local News, Make a Donation Support Local News, Make a Donation

FREE Cape Cod News On Twitter

Today’s News

  • ‘It’s frustrating and stressful.’ 40 million people are in the dark about whether or not student loan payments will resume August 18, 2022
  • Boston police save the day by ferrying stranded groom to wedding in harbor August 17, 2022
  • U.S. retail sales flat in July; core sales rise August 17, 2022
  • Always Tired, I Thought It Was Stress. Turns Out, It Was Sleep Apnea August 17, 2022
  • Massachusetts law on hold until Supreme Court decides California case August 17, 2022
FREE Cape Cod News

Copyright © 2022 Free Cape Cod News

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Donate

Follow Us

No Result
View All Result
  • FREE Cape Cod News
  • News
    • News
    • Cape Cod News
    • Massachusetts
    • Breaking News
    • Cape Cod Weather
    • Storm Watch
    • Environment
  • Politics
    • democrats
    • republicans
  • Business
    • business
    • cryptocurrency
    • economy
    • money
    • Real Estate
    • Tech
  • World
  • Entertainment
  • Lifestyle
  • Photos
    • Orleans
    • Eastham
    • Wellfleet
    • Truro
    • Provincetown
    • Brewster
    • Chatham
  • Videos
  • Login
  • Sign Up

Copyright © 2022 Free Cape Cod News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist