Dogecoin (DOGE) Meme token has become the second largest crypto proof-of-work (PoW) in terms of market cap after the upgrade. proof-of-stake of the Ethereum network on September 15
Of course, Bitcoin (BTC) is still in the lead, followed by Dogecoin at $7.83 billion. The third PoW cryptocurrency is Ethereum Classic (ETC) (with a market cap of $4.69 billion), Litecoin (LTC) ($4.01 billion), and Monero (XMR) ($2.65 billion).
Ethereum’s shift to PoS may increase pressure on PoW-powered digital currency networks to shift to more sustainable PoS mechanisms.
In December 2021, the Dogecoin Foundation launched the “Dogecoin Trailmap,” which offers to build a “community staking” version of Dogecoin similar to PoS.
“In that version It will allow all Dogecoin users to staking DOGE and earn extra tokens to support the network,” the Dogecoin Foundation offers.
However, after that there hasn’t been any progress since it looks like it’s still in a state. “Offer” According to the Dogecoin website,
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