Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
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.
