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Vitalik Believes All Blockchain Networks Should Follow in Ethereum’s Footsteps and Move to Proof-of-Stake

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Key takeaways:

  • At the 2022 Messari Mainnet event, Ethereum’s Vitalik Buterin called for PoW networks like Zcash and Dogecoin to adopt Proof-of-Stake
  • Buterin’s comments come roughly two weeks after the Ethereum mainnet successfully transitioned from PoW to PoS
  • Ethereum co-founder thinks scalability is the biggest challenge facing the crypto industry in the next 18 months

Ethereum co-founder hopes Zcash and Dogecoin opt for transition to PoS soon

Speaking as one of the panelists at the 2022 Messari Mainnet last week, Ethereum co-founder Vitalik Buterin revealed he is of the opinion that blockchain networks should ditch the energy-consuming Proof-of-Work (PoW) consensus algorithm in favor of the much more energy-efficient Proof-of-Stake (PoS) mechanism.

Buterin’s claim came as an answer to Messari founder and CEO Ryan Selkis’ question of whether all networks should move to PoS. In his statement, Buterin highlighted two prominent blockchain projects that currently rely on PoW mining – Zcash and Dogecoin – and said he hopes they transition to PoS “soon”.

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