Tesla CEO Elon Musk mentioned he “just about” agrees with Ethereum co-founder Vitalik Buterin a few collaboration between Dogecoin and Ethereum. Buterin mentioned: “if we will have a safe Doge-to-Ethereum bridge. That will be wonderful.”
Vitalik Buterin Talks About Dogecoin and Ethereum Bridge, Elon Musk Agrees
Ethereum co-founder Vitalik Buterin talked a few potential collaboration between Ethereum and Dogecoin in an interview with AI researcher Lex Fridman final week.
Referring to the Tesla and Spacex CEO repeatedly tweeting about dogecoin, Fridman mentioned, “There’s an influence behind somebody like Elon Musk pushing the event of a cryptocurrency.” He then requested Buterin, “is there a strategy to leverage that energy and momentum to enhance Ethereum?” Buterin mentioned:
If DOGE desires to by some means bridge to Ethereum, after which folks can commerce DOGE 1000’s of instances a second inside loopring, then that may be wonderful.
“I positively don’t suppose Ethereum is against canine cash,” the co-founder emphasised. “I sort of need the followers to really feel like Ethereum is, no less than just a little bit, in spirit itself a canine coin.”
He elaborated: “I believe if we will have a safe Doge-to-Ethereum bridge. That will be wonderful, after which when Ethereum will get any scalability that works for Ethereum belongings, you’d have the ability to commerce wrapped DOGE with very low transaction charges and really excessive pace as effectively.”
Commenting on Musk’s motion to assist dogecoin, Buterin mentioned: “You’ll make a mistake when you have been to ascribe an excessive amount of refined malevolence or any deep intentionality to the entire course of. He’s only a human being, and he likes canines similar to I like canines.”
Musk then commented on the interview, tweeting:
I just about agree with Vitalik.
Ethereum is presently present process an improve transitioning from a proof-of-work (PoW) consensus mannequin to a proof-of-stake (PoS) mannequin. Buterin just lately defined why the improve is taking longer than anticipated.
“One of many largest issues I’ve discovered with our undertaking just isn’t the technical issues, it’s issues associated with folks … Ethereum is now in a greater financial place, but it surely took us 5 years to get to the place we at the moment are. We now have lots of inner staff conflicts in these 5 years. If you’re constructing a staff, you will need to know who you’re working with,” the Ethereum co-founder described.
Final month, Musk proposed some improvements for Dogecoin, claiming to have met with DOGE builders. Musk wrote: “Ideally, Doge hastens block time 10X, will increase block dimension 10X & drops charge 100X. Then it wins fingers down.”
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