Ethereum founder says that all cryptocurrencies should switch to the «green» blockchain

Ethereum co-founder Vitalik Buterin took part in the Mainnet 2022 conference. He stated that the transition to the Proof-of-Stake (PoS) algorithm will be beneficial for any cryptocurrency that is currently working on Proof-of-Work (PoW).

«I would say that all cryptocurrencies should switch to PoS. This technology is becoming more and more mature, and the transition is becoming more and more justified. I hope that Zcash and Dogecoin will switch to PoS soon enough,» Buterin shared his expectations.

He noted that the other cryptocurrencies do not have the ability to anonymize transactions, and it is unlikely that they will appear in the next five years. At the same time, Buterin hopes to significantly reduce the cost of transactions within the network by scaling the blockchain in the next year and a half.

As a reminder, according to the Ultrasound. moneyx platform, the issuance of ethereum tokens fell by 95% after The Merge. Thus, from September 15 to September 23, 5200 ETH were mined on PoS, while 98 000 ETH could have been obtained on PoW during the same period.