In response to the recent hostile statements made by certain figures in the ecosystem about The Merge, Vitalik spoke about it and did not hesitate to classify them as opportunists. According to him, the Ethereum community (ETH) is a strong supporter of the move to proof-of-stake (PoS) and has no need to fork to preserve proof-of-work (PoW).
Vitalik Buterin Speaks Out On Ethereum Fork Defenders
While the long-awaited update the fusionplanning to move the Ethereum (ETH) blockchain from proof-of-work (PoW) consensus to proof-of-stake (PoS) is coming very soon, some have decided to go against the grain and have shown in favor of a fork.
Vitalik ButerinEthereum co-founder who needs no introduction spoke about it in a closed-door press conference on Blockchain week in South Koreacurrently running until August 14 in the heart of Seoul.
According to him, the Ethereum community has: overwhelming majority supported for the future roadmap of Ethereum, this of course including The Merge. He clarified in this regard that the idea of a possible fork of the blockhain is defended only by ” strangers ” of this ecosystem, that ” own exchanges and just trying to make money fast “.
Usually by mutual consent, Vitalik Buterin made sure not to mention his name, but his comments are definitely aimed at Justin Sunthe founder of Tron (TRX), who recently surfaced in favor of the fork to maintain the proof-of-work consensus that the mining system relies on.
When asked about the risks of a possible success of the fork, Vitalik answers that: it can harm Ethereum and cause malfunctions:
“I foresee market confusion if this proof-of-work hard fork turns into something substantial. […] I’m sure there will be problems… if they want to fork, it’s up to them to fix those problems. »
👉 To understand everything: what is a fork?
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Why defend proof-of-work?
The first defenders of a fork focused on preserving proof-of-work are the minors. For years their business model relied on block mining within the Ethereum blockchain, and the move to proof-of-stake will pure and simple end to their activity especially with the difficulty bomb scheduled for October.
FYI, Ether miners have produced for: $620 million for the month of July alone. For example, it has especially encouraged Chinese miners to: advocate for the hard fork to maintain their financial activity, as the latter have invested significant amounts for their mining tools.
Moreover, as we said before, Justin Sun has been very supportive of the forkwithout explicitly explaining his reasons. However, the exchange Poloniexof which Sun is the main investor, already offers trading pairs, including theETHS and ETHW2 runners only useful when the fork sees the light of day.
An organization has been established under the name ofEthereumPoW to encourage the fork, particularly through a collection of donations” intended solely for the development of products “.
According to data from Etherscan, the wallet has theequivalent of $3,700proof of a more than moderate support.
👉 In the Ethereum News: Registrations for the Ethereum Name Service (ENS) have never been higher
published by editions larousse
Sources: Fortune, The Block, Etherscan
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