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The post Dogecoin Developer Opposes PoS Shift! appeared first on Coinpedia Fintech News
Dogecoin’s lead developer, Ross Nicoll, has opposed a shift towards the proof-of-stake consensus mechanism for the cryptocurrency, stating that it will not benefit Dogecoin as much as it would other cryptocurrencies. Despite this, Dogecoin continues to gain popularity, with endorsements from celebrities like Elon Musk and Mark Cuban. The cryptocurrency has also burned 20.5 million of its tokens, contributing to its rise in value. This burn has destroyed over 6% of the total Dogecoin supply, making it a hot topic among cryptocurrency enthusiasts.
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