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Dogecoin will migrate from proof-of-work to proof-of-stake to make it viable, predicts head of crypto lending platform
Dogecoin will likely transition from a proof-of-work protocol to proof-of-stake, speculated Alex Mashinsky, the chief executive and founder of Celsius Network on Friday during a webcast hosted by his lending platform on YouTube. “I’m going to make a prediction,” declared Mashinsky, “in the next two years dogecoin is going to migrate from proof of work to proof of stake,” he said. Proof-of-work is the protocol that bitcoin uses to confirm transactions on the blockchain and that framework has been criticized for using a tremendous amount of energy to verify transactions on the digital ledger. Under the ... (full story)
