After the recent hostile statements of certain figures in the ecosystem regarding The Merge, Vitalik spoke about it and did not hesitate to describe them as opportunists. According to him, the Ethereum (ETH) community is very supportive of moving to proof of stake (PoS) and does not want to fork to maintain proof of work (PoW).
Vitalik Buterin talks about Ethereum hard fork advocates
While the long-awaited update the fusionthat plans to move the Ethereum (ETH) blockchain from proof-of-work (PoW) consensus to proof-of-stake (PoS) consensus is coming very soon some have decided to go against the grain and have shown in favor of a fork.
Vitalik Buterinco-founder of Ethereum who needs no introduction, spoke about it during a closed-door press conference in South Korea Blockchain Weekwhich is currently running until August 14 in the heart of Seoul.
According to him, the Ethereum community has overwhelming majority supported for the future Ethereum roadmap, this of course includes The Merge. He clarified in this sense that the idea of a possible fork of the blockchain is only defended by “ strangers ” of this ecosystem, which ” own exchanges and just trying to make quick money “.
Normally consensual, Vitalik Buterin was careful not to mention a name, but his comments they are definitely targeting justin sunthe founder of Tron (TRX), who recently appeared in favor of the holder to maintain the proof-of-work consensus that the mining system is based on.
Asked about the risks of a possible success of the fork, Vitalik replies that could hurt Ethereum and create bugs:
“I anticipate market turmoil if this proof-of-work hard fork becomes anything substantial. […] I’m sure there will be problems… if they want to fork, it’s up to them to mitigate those problems. »
👉 To understand everything: What is a fork?
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Why defend proof of work?
Early proponents of a fork intended to keep proof of work they are the minors. For years, its business model has been based on mining blocks within the Ethereum blockchain, and the move to proof of stake will put pure and simple purpose of its activity especially with the difficulty bomb scheduled for October.
For your information, Ether miners have produced for 620 million dollars in the month of July alone. Therefore, he has particularly encouraged Chinese miners to hard fork defender to maintain their financial activity, the latter having invested considerable sums for their mining equipment.
Also, as we said before, Justin Sun has been very supportive of the fork., without explicitly explaining their motivations. However, the exchange Poloniexof which Sun is the main investor, already offers trading pairs, including theETHS and ETHW2 tokens that will only be useful if the fork sees the light of day.
An organization with the name ofEthereumPoW in order to encourage the fork, in particular through a collection of donations ” dedicated exclusively to product development “.
According to data from Etherscan, the wallet has so far collected theequivalent to $3,700proof of a more than moderate support.
👉 In the Ethereum News: The number of registrations for the Ethereum Name Service (ENS) has never been higher
published by editions Larousse
Sources: Fortune, The Block, Etherscan
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