Elon Musk agrees with Vitalik Buterin about collaboration between DOGE and ETH.
The CEO of Tesla says that he “pretty much” agrees with the co-founder of Ethereum Vitalik Buterin about a collaboration between Dogecoin and Ethereum.
Buterin speaks about DOGE-ETH Bridge, Musk concurs
Vitalik Buterin talks about a possible collaboration between ETH and DOGE in an interview with Lex Fridman.
Fridman referred to Musk’s massive tweets about Dogecoin. He says that “There’s a power behind someone like Elon Musk pushing the development of a cryptocurrency.”
He asked Buterin, “is there a way to leverage that power and momentum to improve Ethereum?”
“I definitely don’t think Ethereum is opposed to dog coins,” the co-founder continued. “I kind of want the fans to feel like Ethereum is, at least a little bit, in spirit itself a dog coin.”
He explained: “I think if we can have a secure Doge-to-Ethereum bridge. That would be amazing, and then when Ethereum gets any scalability that works for Ethereum assets, you would be able to trade wrapped DOGE with very low transaction fees and very high speed as well.”
Talking about Musk’s action to support Dogecoin, Buterin says: “You would make a mistake if you were to ascribe too much sophisticated malevolence or any deep intentionality to the whole process. He’s just a human being, and he likes dogs just like I like dogs.”
And then, Musk commented on the interview, tweeting:
Will this be happening soon?
Ethereum now undergoes an upgrade transitioning from a proof-of-work (PoW) consensus model to a proof-of-stake (PoS) model. Buterin recently explained why the upgrade seems a bit longer than what is expected.
“One of the biggest problems I’ve found with our project is not the technical problems, it’s problems related with people … Ethereum is now in a better economic position, but it took us five years to get to where we are now. We have a lot of internal team conflicts in these five years. If you are building a team, it is important to know who you are working with,” the Ethereum co-founder stated.
In the previous month, Musk proposed different improvements for Dogecoin, saying to have met with DOGE developers. Musk tweeted:
📣 Cryptonetwork.News is now on Telegram. Please click [here] to join our channel and stay updated with the latest Cryptocurrency, Blockchain, and Cryptomining headlines.