Ethereum co-founder Vitalik Buterin spoke about a potential collaboration connecting Ethereum and Dogecoin in an interview with AI researcher Lex Fridman last week.
Relating to the Tesla and SpaceX CEO repeatedly tweeting regarding Dogecoin, Fridman stated that there’s a power behind someone like Elon Musk promoting the development of a cryptocurrency. He then asked Buterin, is there a space to leverage that power and momentum to develop Ethereum?
Buterin stated that if DOGE wants to somehow connect to Ethereum, and then people can trade DOGE thousands of times a second inside of looping, that would be astounding.
The co-founder emphasized that he doesn’t think Ethereum is reversed to dog coins. Instead, he wants the fans to consider that Ethereum is, at least a little bit, a dog coin in the spirit itself.
He elaborated that he thinks if we can have a solid DOGE-to-Ethereum bridge.
That would be marvelous, and then when Ethereum gets any scalability that serves for Ethereum assets, you would be ready to trade wrapped DOGE with nominal transaction fees and very high speed as well.
Reflecting on Musk’s action to support Dogecoin, Buterin stated that one would make a mistake if one were to ascribe too much-sophisticated resentment or any deep intentionality to the whole process. He’s just a human being, and he loves dogs.
Musk Agrees with Vitalik
Ethereum is currently experiencing an upgrade transitioning from a proof-of-work (PoW) consensus model to a proof-of-stake (PoS) model. However, Buterin recently revealed why the upgrade is taking longer than anticipated.
One of the most significant problems he found with their project is not the technical problems. Ethereum is now in a more favorable economic position. However, it took them five years to get to where they are now. They had a lot of internal team struggles in these five years. If you are building a team, it is essential to know whom you are operating with, the Ethereum co-founder explained.
Last month, Musk offered some improvements for Dogecoin, alleging to have met with DOGE developers. Musk wrote that ideally, DOGE races up block time 10X, improves block size 10X & drops fee 100X. Then it succeeds, hands down.