The Ethereum merger announcement is causing a stir in the cryptosphere. As the network prepares to launch The Merge which will move from Proof of Work to Proof of Stake, some crypto players take the web by surprise. The Chainlink team makes an unexpected announcement…
Chainlink, The Merge but not Ethereum hardfork?
The planned updates to Ethereum are creating excitement across the blockchain. If until now the second crypto caused a sensation because it was a direct competitor of bitcoin, the announcement of its merger changes the situation. In fact, The Merge upgrade is fast approaching and the main players in the market are preparing for the next moves.
Investors and creators, everyone is looking forward to it. However, if all seems well, Chainlink (LINK) announces that it will not support Ethereum hardfork. According to the report from crypto journalist Colin Wu, the protocol team recently detailed their recommendations and future steps towards the transition. And one thing is for sure, it won’t support either of them Proof of Workare forked versions of the network.
In addition, the team also advises dApps teams and Ethereum developers to pause their transactions if they are unsure of their strategy. In fact, user protection must be a priority. Therefore, it is advisable to avoid unexpected incidents.
Justin Sun in favor Proof of Work ?
Although the proposed Ethereum upgrades are creating excitement in the crypto markets, it is necessary to clarify that not everyone is in favor of the merger. In fact, some factions of the crypto community strongly oppose it, and even go so far as to recommend a fork to preserve the mechanism. POW.
Some like Justin Sun, the CEO of Poloniex in favor of preserving the Proof of Work. In fact, the recent exchange is the first platform to list ETHW and ETHS. In addition, Sun said that it will give 1 million ETH to ETHW developers and communities after the hardfork.
However, the move does not seem to worry Vitalik Buterin. In fact, the man behind the ETH project sees anti-merger communities as people who just want to make a quick buck.
Recall that it encountered the same difficulties during the 2016 hardfork. In fact, Ethereum Classic is the result of controversial comments from developers. In fact, he recently expressed his support for ETC. According to him, it is certain that the network has the necessary space to serve minors POW.
The upgrade on The Merger It is a big step for Ethereum. However, not all developers see things the same way. Currently, all players in the crypto sector are planning their next moves. In this momentum, Chainlink takes the opportunity to announce that it will not support Ethereum hardfork. However, the team says they will continue to monitor the development of the merger to ensure better services on the protocol.
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The world is changing and adaptation is the best weapon to survive in this turbulent world. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and express an area of interest to me, there is nothing better than writing articles that are informative and entertaining at the same time.