We are likely to witness a Dogecoin and Ethereum collaboration soon as Elon Musk “okays” the proposition from Vitalik Buterin. The subject was spooned up by Lex Fridman, an AI researcher last week in an interview with the Ethereum co-founder. The discussion revolved around the incoming ETH2 and the overall future of the Ethereum network.
In the interview, Fridman referenced the consistent Dogecoin tweets from Elon Musk. According to the interviewer, it is powerful when a personality like Musk supports a crypto project.
Enquiring about the possibility of a collaboration that could lead Ethereum to leverage on Musk’s tweets in order to improve its network, Buterin declared it as “amazing”. The Ethereum boss said that if a method was devised to bridge ETH and DOGE, “then people can trade DOGE thousands of times a second inside of loopring”.
Buterin also said that if ETH obtains any scalability that would work for its assets then they’d be Wrapped DOGE. The Wrapped DOGE would trade for lower fees and would run high transactions speedily. He also expressed that Musk’s attachment to the meme-token shouldn’t be ascribed with deep intentionality as he is just human.
The ETH Upgrade and the Future
There is a lot of activity going on in Ether’s ecosystem. The network intends to migrate from its current proof-of-work model to a proof-of-stake consensus. The upgrade announced sometime ago is yet to be actualized and Buterin has offered an insight to why it is so.
According to Buterin, the technical problems are not the biggest issues but problems related to people are. He said Ethereum is now in a better financial position and this progress began five years ago. He admitted to the occurrences of team conflicts and stressed on the importance of knowing who a person is working with.
Vitalik Buterin did profess his fondness of Dogecoin in the interview. He revealed that he is also holding some. However, he feels that the major challenge is the prospect of the crypto getting centralized.