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On DOGE staking, the Dogecoin Foundation collaborates with Vitalik Buterin

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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.



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