The creators of Dogecoin, backed up by the co-founder of Ethereum Vitalik Buterin, seek to reward its holders via proof-of-staking.
On Thursday, the Dogecoin Foundation announced its first official trailmap with an aim to continue the earlier success of DOGE. The most notable part of the trailmap is the community staking which will allow users to deposit their Dogecoins on the system, and receive rewards after leaving them "staked" for some time.
The news on August 2021 about the return of the Dogecoin Foundation came as a shock for the crypto community, because it has been radio silent for almost 6 years.
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Other than Ethereum’s Vitalik Buterin, the board is set to have the CEO of Tesla Elon Musk who won’t be directly involved, but rather represented by Neuralink’s CEO Jared Birchall. Also, the project will feature the co-founder of Dogecoin Billy Markus, and core developer Max Keller.
It is unsure whether this project will be fully in motion anytime soon. The Dogecoin Foundation aims for all of the objectives of the trailmap to be ready for liftoff sometime in 2022. The date for the complete finalization of the project, especially the implementation of the proof of stake mechanism, is still unclear, though.