Dogecoin chief developer: PoS mechanism has inherent flaws, if Dogecoin turns to PoS or chooses to quit

Odaily Planet Daily News Dogecoin (DOGE) contributor and chief developer Mishaboar hinted in a reply to netizens on Twitter that if Dogecoin tries to transition to the PoS consensus, he may withdraw from the development of the project. He believes that the PoS mechanism is inherently flawed and may conflict with the core principles of Dogecoin. Mishaboar noted that many PoS chains fell short of expectations, showed a tendency to centralize, failed catastrophically, or became unwieldy to use. Additionally, Mishaboar highlighted potential difficulties with PoS mechanisms, as most of the token supply is held by cryptocurrency exchanges, as well as regulatory challenges that may arise. He also said that the things that PoS is known for, such as energy efficiency and faster transactions, may not be important to Dogecoin’s specific use case. Other solutions such as payment channels and integrations with payment providers can achieve a similar effect without moving to PoS.