With Ethereum proponents divided on hardfork, here’s what Vitalik Buterin says
- Individual Chinese miners have particularly been in support of a hardfork on Ethereum to continue with their mining activities.
- Ethereum co-founder Vitalik Buterin has slammed the hardfork proponents while calling them “outsiders”.
The Ethereum blockchain network shall be undergoing The Merge upgrade next month which will help it transition to a Proof-of-Stake (PoS) blockchain network. However, there’s a new heated discussion in the Ethereum community about what happens after Merge.
Some ETH proponents have suggested that the Ethereum mining industry moves to Ethereum Classic(ETC). Ethereum Classic was the outcome of the first hardfork in the Ethereum blockchain back on 2016. Amid this ongoing consideration, ETC price also rallied over 150 percent.
Another controversial option in discussion is a hardfork of the Ethereum blockchain after The Merge. As the data of Ethereum Merge, September 19, approaches closer, some market proponents said that they will continue to support the PoW Ethereum network.
Note that the Ethereum network will transition into the Pos network, but another blockchain running PoW might emerge. Here’s a Look Into who is supporting the Hardfork and who is not.
People supporting Ethereum hardfork
Tron founder Justin Sun is one of those supporters who made an early announcement of supporting the hardfork on his Poloniex Exchange. He said that post The Merge, his Poloniex exchange will support both the versions of Ethereum – ETHw and ETHs.
ETHw will be a token supporting the Proof-of-Work Ethereum blockchain as well as miners who want to continue mining ETH. ETHs will be the token on the new Proof-of-Stake (PoS) Ethereum blockchain.
— H.E. Justin Sun🌞🇬🇩 (@justinsuntron) August 4, 2022
Some of the popular crypto exchanges like Huobi and BitMEX have also extended their support to the proposed hardfork. Chinese miners, in particular, have been keen on supporting the Ethereum hardfork.
On the other hand, there also have been other strong players who don’t wish to acknowledge the forked version of ETH. Leading them is Ethereum co-founder Vitalik Buterin himself.
Vitalik Buterin slams Ethereum hardfork supporters
Ethereum co-founder has lashed out at those people supporting the hardfork for the Ethereum blockchain. Buterin noted that most people from within the Ethereum community are supporting the transition to Proof-of-Stake. However, he refers to those supporting the hardfork as “outsiders”.
Buterin further added that the proponents of a hard fork “own exchanges and are just trying to make a quick buck”. The Ethereum co-founder also added that post the successful PoS transition, he won’t be taking any responsibility for the PoW network. “I’m sure there’s going to be problems… if they want to make a fork, it’s on them to mitigate those problems”.
Apart from Buterin, popular oracle service provider and smart contract platform Chainlink announced that they will only support the PoS version of Ethereum. Another crypto portfolio company DeBank DeFi believes that crypto hardfork will be a disaster. They also noted that none of their products will support the PoW ETH.
Individual Chinese miners have particularly been in support of a hardfork on Ethereum to continue with their mining activities. Ethereum co-founder Vitalik Buterin has slammed the hardfork proponents while calling them “outsiders”. The Ethereum blockchain network shall be undergoing The Merge upgrade next month which will help it transition to a Proof-of-Stake (PoS) blockchain network.…
- Editable Tweets arriving on Twitter Blue Australia, New Zealand and Canada
- Apple Music reaches 100 million songs
- As Mariners finish historic drought, a glance again at how a lot has modified in Seattle in 21 years
- Karan Johar spotted in Audi A8L
- The Momax 5-in-1 Wireless Charging Power Bank Drops to Just $65