The co-founder of Ethereum, Vitali Buterin, hinted at a potential collaboration between Ethereum and Dogecoin during an Interview with Lex Fridman, an AI researcher.
Ethereum has been a long-running cryptocurrency that has recently overtaken the leading cryptocurrency Bitcoin in the market. While Dogecoin has very different origins as it originally started as a joke during its launch, although lately, it has soared to new heights against all odds and is now ranked among the major cryptocurrencies in the market.
Fridman referred to the numerous tweets made by the Tesla and SpaceX CEO, Elon Musk, regarding Dogecoin. According to Fridman, Musk will certainly have some power behind him that enables him to push the development of a cryptocurrency.
Fridman asked Buterin if utilizing that power and momentum to enhance Ethereum was a possibility, Buterin responded by stating if Dogecoin was bridged with Ethereum, it would allow people to trade thousands of coins in a second. Buterin emphasized that Ethereum is not opposing Dogecoin, but rather that he wants people to understand that Ether is in a spiritual sense, a dog coin itself.
Buterin elaborated on the prospects of the Doge-to-Ether bridge, stating that Ethereum has high scalability for Ether-related assets. Implying that a hefty amount of Dogecoin could be traded at a significantly low transaction cost, and high speed if Dogecoin collaborated with Ethereum.
In response to the interview, Musk tweet “I pretty much agree with Vitalik” in a tweet. The “Dogefather” agrees with Buterin’s idea of Dogecoin-Ethereum collaboration.
Currently, Ethereum is transitioning from a Proof-of-Work (PoW) consensus model to the upgraded Proof-of-Stake (PoS) model. Buterin explained the cause of the delay was due to internal team conflicts, not technical issues.
After meeting with Dogecoin developers last month, Musk proposed certain improvements for the cryptocurrency such as improving transaction speed, block size, and drop fees.