When Will Dogecoin Transition To Proof-Of-Stake?

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The Dogecoin Foundation is exploring a potential DOGE transition towards the Proof-of-Stake mining model, but when could this release?

Proof-of-Work and Dogecoin have been heavily criticized due to their extensive energy requirements. Dogecoin mining requires miners to verify transactions by solving complex algorithms that collectively use a significant amount of energy. Proof-of-Stake, meanwhile, is less energy-consuming

Dogecoin, which currently employs a proof of work mining model, announced last year a collaboration with Ethereum co-founder Vitalik Buterin to work on a potential PoS transition. Here's what we know so far.

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Dogecoin Proof-Of-Stake Release Date

According to the Dogecoin Foundation trail map timeline first released in December, the Dogecoin Foundation will partner with Ethereum co-founder Vitalik Buterin to work on a Proof-of-Stake proposal.

The trail map also underlines that the new PoW to PoS transition may soon be unveiled in 2022. However, an official date is yet to be announced by the foundation.

We'll keep this page updated when any more information comes out about a potential release date.

What Is Proof-of-Stake

The Proof-of-Stake mining model is a protocol that supports cryptocurrency mining in a more energy-efficient manner.

One of the key elements of Proof-of-Stake mining consensus is its ability to let users stake their crypto to become a validator on the network. This contributes towards validating new blocks.

As this is based on staking held coins, rather than sheer computational power, the protocol does not rely on energy-intensive activity, rendering it more environmentally friendly in the eyes of some. Ethereum 2.0 is currently undergoing its transition to PoS, for example.