Dogecoin Co-Founder Names Two Things He Believes Will Help DOGE
Billy Markus, the software engineer, who co-founded DOGE together with Jackson Palmer back in 2013, has taken to Twitter to suggest two things that, in his view, will help Dogecoin to turn into a wider used cryptocurrency and possibly attract more users into the ecosystem.
“Doge needs NFTs and ETH bridge”
According to Markus, Dogecoin would be improved when a bridge between DOGE and Ethereum is completed.
The second thing is that the most popular meme cryptocurrency needs platforms that trade non-fungible tokens (NFT), such as Opensea, and that would agree to accept DOGE compatible with Ethereum as payment.
At the moment, NFTs are in high demand in the crypto community with crypto used for purchasing them, Markus tweeted, adding that using DOGE for NFT purchases will turn it into a coin with high utility.
Two things I believe would help Dogecoin:1) Completion of DOGE-ETH bridge2) NFT platforms (e.g. Opensea) allowing for the DOGE-ETH token to be used for purchasesNFTs purchasing is high demand with crypto. Allowing for DOGE purchases of NFTs greatly increases its utility.— Shibetoshi Nakamoto (@BillyM2k) September 29, 2021
Vitalik Buterin hopes Doge will switch to PoS
As reported by U.Today earlier this month, on September 2, a co-founder of the second biggest blockchain platform Ethereum tweeted that he hoped Dogecoin would switch to the Proof-of-Stake consensus algorithm, perhaps, using the Ethereum code to do that. However, he believes that Doge should maintain its annual issuance of 5 billion coins via Proof-of-Work.
That was Vitalik’s response to the question of The Three Arrows Capital founder, Zhu Su, who asked him to suggest ideas how Ethereum and Doge could collaborate in the near future.
Aside from that, Buterin suggested that the co-founders of Dogecoin could put its massive emission of DOGE into some sort of a DAO which “funds global public goods”.
Buterin emphasized that this step would fit pretty well with Dogecoin’s “non-greedy wholesome ethos”.
As reported earlier, Vitalik Buterin joined Dogecoin’s advisory board. After it happened, his father Dmitry Buterin tweeted that the presence of Vitalik on the board may turn DOGE into a better coin.Source