Dogecoin devs deny rumor of immediate PoS switch following community concern

The developers of Dogecoin (DOGE) person denied rumors that the web is instantly switching to proof-of-stake (PoS), saying that they are simply readying to merchandise a connection connected the topic. The repudiation came connected Dec. 29, from the Twitter relationship of Michi Lumin, Principal Engineer for the Dogecoin Foundation.

More info for ya. Influencers, adjacent if they person millions of views and followers, adjacent if they talk with authority, bash not really person the wrong scoop connected what's going connected with #dogecoin. Just due to the fact that 1 says a validation method is changing, doesn't mean it is.

Lumin stated that the Dogecoin Foundation does not person the powerfulness to upgrade the web without the consent of validators, explaining:

“It is not imaginable for, nor is it planned for, an individual, organization, oregon assemblage to "move" oregon ‘shift’ oregon ‘change’ #dogecoin to PoS. All that tin beryllium done is: it tin beryllium outlined, possibly coded, and fixed to the assemblage (and validators) to determine to instrumentality up oregon not[…]the repeated sensationalist (to get views/follows) refrain of radical saying that #dogecoin ‘is moving to PoS’ is ridiculous, and perfectly not however it works oregon tin work. It volition not and tin not beryllium done by edict, oregon force…”

The denial comes aft the Rabid Mining Youtube transmission had published a video connected Dec. 28 titled “What if Dogecoin Moves to PoS?” It was shared connected Twitter and Reddit with the comment, “DOGECOIN's Merge To POS Will Kill Scrypt Miners profits by implicit 60%.”

DOGECOIN Wants To Merge To POS This Will Kill Scrypt miners Profits By Over 60% https://t.co/XRZRi7GT3f@dogecoin #doge #asicmining #crypto #cryptos #cryptomining #passiveincome #bitmain #cryptonews #Dogecoin #Vitalik

The video did not accidental that the Dogecoin squad could alteration the web by “force.” However, it mentioned that “it looks similar the Dogecoin Foundation really has Vitalik connected the committee arsenic an advisor, and they person it stated that they’re gonna determination to proof-of-stake.” The video cautioned miners not to put successful scrypt miners due to the fact that “all scrypt miners are gonna die” erstwhile Dogecoin adopts PoS.

Rabid Mining argued that not lone would DOGE determination to proof-of-stake, but it would besides bash truthful “pretty darn soon,” due to the fact that a quality nonfiction from October, 2022 mentioned that a connection was successful the works and due to the fact that the authoritative Dogecoin Foundation website besides talked astir the proposal.

Related: The real-life canine down memecoin DOGE is earnestly ill

However, this caller study from the squad denies that the PoS upgrade is simply a done deal.

Lingering questions astir DOGE PoS

Despite this denial from the team, determination are inactive lingering questions arsenic to however oregon whether proof-of-stake volition beryllium implemented for DOGE. The connection has not yet been released, truthful existent DOGE miners don’t cognize however it volition work.

When Ethereum moved to proof-of-stake, it archetypal launched a “beacon chain” that allowed users to transportation Ether (ETH) from the aged PoW web to the caller PoS one. Only aft a capable fig of users had staked their ETH connected the caller concatenation did miners yet upgrade their bundle to complete a “merge” of the 2 networks.

Still, immoderate miners refused to judge the upgrade, and this resulted successful a hard fork of Ethereum. The aged web came to beryllium called “Ethereum PoW (ETHW),” portion the caller web maintained the sanction “Ethereum.”

However, Ethereum PoW experienced an contiguous 65% diminution successful terms aft the merge was completed. This led to a autumn successful mining profits, which successful crook caused immoderate miners to unopen down. This is evidenced by 2miners.com’s illustration of the Ethereum PoW hash rate.

Whether thing akin happens with Dogecoin remains to beryllium seen, but this caller contention shows that not everyone is blessed astir the projected change.