Vitalik Buterin said he loves Dogecoin and has suggested a Doge-to-Ethereum bridge for scalability

By Selena On Jun 5, 2021

Ethereum co-founder Vitalik Buterin says he loves Dogecoin (DOGE). Furthermore, Buterin has also proposed a partnership between this meme cryptocurrency and Ethereum to increase network scalability.

Vitalik Buterin reveals quite a fondness of Dogecoin, proposes cooperation between DOGE – Ethereum

Speaking on the Lex Fridman Podcast, Buterin said that while some people are quite averse to Dogecoin, he is certainly not afraid of the coin meme. Moreover, in fact, Buterin personally loves this cryptocurrency and even holds some DOGE tokens. Additionally, Ethereum accepts Dogecoin for its annual Devcon conferences.

Here’s my conversation with @VitalikButerin, his second time on the podcast. We talk about @Ethereum, @Bitcoin, @Dogecoin, @elonmusk, @ShibainuCoin, @IOHK_Charles, @Cardano, @Chainlink, @0xPolygon, life, immortality, AI, and even speak Russian at the end. https://t.co/Y3cjGuctvM pic.twitter.com/Pu7uwwF6X4

— Lex Fridman (@lexfridman) June 3, 2021

Then, referring to Dogecoin’s scalability, Buterin said that the only challenge is that just increasing the parameters without doing anything else will make it harder for people to validate the chain. He noted that blockchain is likely to become centralized and vulnerable to attacks of any kind.

Buterin shared:

“If Doge wants to somehow bridge to Ethereum and then people can trade Doge thousands of times a second inside of loopring, that would be amazing. If they want to just take zkRollup-style technology and just have thousands of transactions a second on their own chain, that would be a great outcome as well.”

Moreover, with Buterin, having a secure Dogecoin – Ethereum bridge would be equally great:

“Once Ethereum gets its scalability, any scalability thing that works for Ethereum as such that you would be able to also trade Doge with extremely low transaction fees and very high speed as well.”

Buterin noted that the technology that enables such cross-chain interactions is still a stub. The crypto entrepreneur noted that if Dogecoin has the ability to merge the current Proof-of-Work algorithm with Ethereum’s Proof-of-Stake, it could be an interesting alternative.

In May, Buterin said in a blog post that Tesla CEO Elon Musk’s vision for Dogecoin could hit a technical hurdle. Because there are important but quite sophisticated technical factors that limit blockchain scaling.

Buterin noted that, while shard blockchains can scale even further because no node in a sharded blockchain needs to process every transaction right away, there are still barriers to entry.

At press time, Ethereum price is up slightly 2% over the past 24 hours, trading at $2,786. Meanwhile, Dogecoin recorded a 24% gain over the past seven days, recording a price of $0.3856.

Read more: