Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration – Bitcoin News
Tesla CEO Elon Musk mentioned he “just about” agrees with Ethereum co-founder Vitalik Buterin a couple of collaboration between Dogecoin and Ethereum. Buterin mentioned: “if we will have a safe Doge-to-Ethereum bridge. That might be wonderful.”
Vitalik Buterin Talks About Dogecoin and Ethereum Bridge, Elon Musk Agrees
Ethereum co-founder Vitalik Buterin talked a couple of potential collaboration between Ethereum and Dogecoin in an interview with AI researcher Lex Fridman final week.
Referring to the Tesla and Spacex CEO repeatedly tweeting about dogecoin, Fridman mentioned, “There’s an influence behind somebody like Elon Musk pushing the event of a cryptocurrency.” He then requested Buterin, “is there a solution to leverage that energy and momentum to enhance Ethereum?” Buterin mentioned:
If DOGE desires to by some means bridge to Ethereum, after which individuals can commerce DOGE hundreds of occasions a second within loopring, then that will be wonderful.
“I undoubtedly don’t suppose Ethereum is against canine cash,” the co-founder emphasised. “I form of need the followers to really feel like Ethereum is, no less than a bit bit, in spirit itself a canine coin.”
He elaborated: “I believe if we will have a safe Doge-to-Ethereum bridge. That might be wonderful, after which when Ethereum will get any scalability that works for Ethereum belongings, you’ll be capable to commerce wrapped DOGE with very low transaction charges and really excessive pace as effectively.”
Commenting on Musk’s motion to assist dogecoin, Buterin mentioned: “You’ll make a mistake in the event you have been to ascribe an excessive amount of subtle malevolence or any deep intentionality to the entire course of. He’s only a human being, and he likes canine similar to I like canine.”
Musk then commented on the interview, tweeting:
I just about agree with Vitalik.
Ethereum is at the moment present process an improve transitioning from a proof-of-work (PoW) consensus mannequin to a proof-of-stake (PoS) mannequin. Buterin just lately defined why the improve is taking longer than anticipated.
“One of many largest issues I’ve discovered with our challenge isn’t the technical issues, it’s issues associated with individuals … Ethereum is now in a greater financial place, however it took us 5 years to get to the place we are actually. We’ve plenty of inner crew conflicts in these 5 years. In case you are constructing a crew, it is very important know who you might be working with,” the Ethereum co-founder described.
Final month, Musk proposed some enhancements for Dogecoin, claiming to have met with DOGE builders. Musk wrote: “Ideally, Doge quickens block time 10X, will increase block dimension 10X & drops payment 100X. Then it wins palms down.”
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