Utilize the full power of the Metaverse, which will provide you with daily benefits and rewards I'm going in!

On DOGE staking, the Dogecoin Foundation collaborates with Vitalik Buterin

3 min reading

The latest DOGE PoS version intends to reward everyone for their participation in the network's operation.

The Dogecoin Foundation, the non-profit organisation that created the meme-based cryptocurrency Dogecoin (DOGE), is collaborating with Ethereum co-founder Vitalik Buterin on a staking procedure.

On Thursday the Dogecoin Foundation revealed its Dogecoin Trailmap, which is a "dog-walk" that the foundation is dedicated to discovering and thinks would play a significant role in Dogecoin's growth.

The Dogecoin Foundation is operating with Buterin on a "uniquely Doge proposal" for a "community staking" version of proof-of-stake (PoS) as an element of the trailmap .

The Dogecoin Foundation stated that such a version would enable all Dogecoin users to stake their DOGE and receive additional tokens for promoting the network:

“[The PoS version] will allow everyone, not just the big players to participate in a way that rewards them for their contribution to running the network, and at the same time gives back to the whole community through charitable causes.”

After six years of nearly no media coverage, the Dogecoin Foundation relaunched its project in August 2021, as previously stated. Buterin, Dogecoin co-founder Billy Markus, and Dogecoin core developer Max Keller are among the advisory board members as a part of the new team, as per the foundation. Elon Musk, the CEO of Tesla and a major supporter of DOGE, was allegedly going to have his interests addressed by Neuralink CEO Jared Birchall.

The foundation's recent post states, “As you can imagine, setting off on such an adventure is not a small feat and we are still just getting started. We already have some influential friends on our side and a growing group of people who are getting ready to contribute development time to these open-source projects.” 

DOGE's payment mechanism was developed with the concept of a "joke" by software engineers Billy Markus and Jackson Palmer in 2014. Soon after its founders quit the project, the Dogecoin Foundation came to an end.

Currency Exchange rate Buy cryptocurrency

Utilize the full power of the Metaverse,
which will provide you with daily benefits and rewards

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net (www.ommyo.net). Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the ommyo.news/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.