The developer of Dogecoin (DOGE) has denied the rumors that The network is about to switch to Proof-of-stake (PoS), saying they are planning to publish a proposal on this topic only. The denial was made on Dec. 29 by the Twitter account of Michi Lumin, the Dogecoin Foundation’s chief engineer.
Lumin states that the Dogecoin Foundation is not authorized to upgrade the network without the consent of validators.
“It is not possible for an individual, organization or organization to be able to “migrate” or “convert” dogecoin to PoS, what they do is: they can draw up a framework, code, and give it to the community for validators to decide what to take. or not?” and also said that people saying that dogecoin ‘is moving to PoS’ is ridiculous because it cannot be done by command or force…”
The refusal comes after Rabid Mining’s YouTube channel published a video on Dec. 28 titled “What If Dogecoin Moves to PoS,” which was shared on Twitter and Reddit with the comment “Merge in. With DOGECOIN’s POS will destroy more than 60% profits of Scrypt Miners.”
The video does not say that the Dogecoin team can “force” change the network, however. It said, “The Dogecoin Foundation appears to have Vitalik as an adviser. and they stated that they would move to Proof-of-stake” video warns miners not to invest in scrypt mining because “all scrypt miners will die” when Dogecoin migrates to PoS.
Rabid Mining argues that not only DOGE will switch to Proof-of-stake only, but it will happen soon,” as a news article in October 2022 said that the proposal was in progress and that the Dogecoin Foundation website was discussing the proposal.
Regardless of whether or not this move to PoS will ultimately happen for Dogecoin, this latest controversy shows that not everyone is happy with the proposed changes.
The post Dogecoin developers brush off rumors that the network is moving to Instant Proof-of-stake (PoS) appeared first on Bitcoin Addict.