The Dogecoin Foundation is a non-profit organization behind the meme-based cryptocurrency Dogecoin (DOGE). It is working with Ethereum co-founder Vitalik Buterin to develop a mortgage mechanism.
The foundation released its Dogecoin trajectory chart or the “walking the dog” that the Dogecoin Foundation is committed to exploring on Thursday, which it believes will contribute to the success of Dogecoin.
The Dogecoin Foundation is working with Buterin
As part of the roadmap, the Dogecoin Foundation is working with Buterin to build a “unique Doge proposal” for the “community pledge” version of Proof of Stake (PoS).
The Dogecoin Foundation stated that such a version will allow all Dogecoin users to pledge their DOGE and obtain additional tokens to support the network: “[PoS version] will allow everyone, not just big players, to Participate in a way that rewards them for their contribution to operating the network, while giving back to the entire community through charity.”
As previously reported by Cointelegraph, the Dogecoin Foundation re-established its project in August 2021 after six years of almost zero media activity.
As part of the new team, the foundation listed members of the advisory board, including Buterin, Dogecoin co-founder Billy Markus, and Dogecoin core developer Max Keller. According to reports, the interests of Elon Musk, CEO of Tesla and major DOGE fan, will be represented by Neuralink CEO Jared Birchall.
“As you think, embarking on such an adventure is not a trivial matter, we have just begun. We already have some influential friends and more and more people are ready to contribute development time to these open source projects, “The latest post from the Foundation reads.