The Dogecoin Foundation has announced a partnership with Ethereum founder Vitalik Buterin for a project that allows staking to willing community members.  

  • The “Community staking” PoS will allow individuals to reap the rewards for running the network, in line with Dogecoin’s promise of being an open-source project run by its members. 
  • Dogecoin Foundation expects community support through the new project to expand its network and make it more reliable for launching new use-cases. 
  • The Foundation, through a GigaWallet project, aims to offer an API solution for more Dogecoin transactions on the platform, streamlining the network as a payments service.

Dogecoin prides itself on being community-driven, with the latest development seen as a move to maintain the network on a decentralized path. DOGEUSD is up +0.23%.

Tags: Dogecoin