DOVER — Backward cap crypto bros and meme slingers alike rejoice as Dogecoin secures its place as the right hand of the PoW throne.
Following the Ethereum network's proof-of-stake (PoS) upgrade earlier this year, the granddaddy of all meme coins, Dogecoin (DOGE), officially became the second largest proof-of-work (PoW) cryptocurrency.
While ETH maxis were busy trying to decide what to do with the rest of their lives, and Bitcoiners continued to deny the existence of "altcoins" altogether, Dogelonians took to the virtual streets to bathe in their misplaced euphoria. "This is incredible. I never believed in my wildest dreams this would happen. Waaaaay better than sex… with another person, even. Love you #Dogefam."
When it was pointed out that the only reason Dogecoin was now number two was that the previous title holder dropped out of the race, diehards were having none of it. Rabid DOGE supporter goldDOGZ4life seemed unimpressed, stating, "The Merge, ha. You just merged yourself right out of rele, relev, lelel, of being important bruh."
Meanwhile, the Dogecoin Foundation has been considering a transition of Dogecoin to proof-of-stake. NGMI.
Editor’s note: The Rug missed publishing this article in a timely manner because it got lost in Roger's inbox.
For more mostly credible Web3 news, follow @therugnews.