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<\/p>\n
The co-founder of Ethereum suggested that two other PoW blockchain protocols could transition to PoS in the near future.<\/p>\n
He also spoke about the Merge during the 2022 Mainnet blockchain event and gave a brief update about the next step in Ethereum\u2019s development \u2013 the Surge.<\/p>\n
Ethereum made history on September 15, when it became the first large-scale blockchain protocol that successfully transitioned from proof of work to proof of stake.
\nThe ramifications of this significant change are yet to be seen in terms of network security, scalability, and usage, although the Ethereum Foundation claims that the energy consumption has declined by 99.9%.
\nWhen asked at the Mainnet event if all PoW networks should follow Ethereum\u2019s example, Vitalik Buterin responded in an affirmative fashion. In fact, he believes two current PoW-based cryptocurrencies \u2013 Dogecoin and Zcash \u2013 could be the next.<\/p>\n
\nSelkis: Should all networks move to PoS?<\/p>\n
\u201cI\u2019d say should \u2026 as PoS matures I would expect it to increase in legitimacy over time. I hope @zcash moves over and I am hopeful @dogecoin moves to PoS soon,\u201d \u2014 VB#mainnet2022<\/p>\n
\u2014 Messari (@MessariCrypto) September 23, 2022<\/p>\n<\/blockquote>\n
Interestingly, developers of both Dogecoin and Zcash have dabbled with the idea of transitioning to PoS, with the latter reviewing the possible pros and cons in a mid-2022 post.
\nJust ahead of the Merge, Buterin outlined the next part of Ethereum\u2019s roadmap \u2013 the Surge. Now, he said it will not be a single event like the Merge as it \u201cwill take place in stages.\u201d
\nSo far, the Merge has turned out to be a sell-the-news event for Ethereum\u2019s native token, as its price dumped from over $1,600 to under $1,400 in just over a week.<\/p>\n