The announcement of the Ethereum merger is causing a stir in the cryptosphere. As the network prepares for the launch of The Merge which will mark its move from Proof-of-Work to Proof of Stake, some crypto players surprise the web. The Chainlink team makes an unexpected announcement…
Chainlink, The Merge but not Ethereum hardfork?
The planned updates on Ethereum are generating excitement around the blockchain. If until now the second crypto caused a sensation because it was the direct competitor of bitcoin, the announcement of its merger changes the situation. Indeed, The Merge upgrade is fast approaching and major market players are gearing up 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 will not support either the Proof-of-Worknor forked versions of the network.
In addition, the team also recommends dApps teams and Ethereum developers to pause their transactions if they are unsure of their strategy. Indeed, the protection of users must be the priority. Therefore, it is advisable to avoid unforeseen incidents.
Justin Sun in favor of Proof-of-Work ?
Even though the planned Ethereum upgrades are generating excitement in the crypto markets, it is necessary to clarify that not everyone is in favor of the merger. Indeed, some factions of the crypto community strongly oppose it, and even go so far as to propose a fork to preserve the mechanism. PoW.
Some like Justin Sun, the CEO of Poloniex are in favor of preserving the Proof-of-Work. Indeed, the exchange has recently become the first platform to list ETHW and ETHS. Additionally, Sun said it will donate 1 million ETH to ETHW developers and communities after the hardfork.
However, the move doesn’t seem to worry Vitalik Buterin. Indeed, 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. Indeed, Ethereum Classic is the result of controversial opinions from developers. In fact, he recently expressed his support for ETC. According to him, he is convinced that the network has the necessary space to accommodate minors PoW.
The upgrade of The Merge is a big step for Ethereum. However, not all developers see things the same way. Currently, every player in the crypto sector is planning their next moves. In this momentum, Chainlink takes the opportunity to announce that it will not support Ethereum hardfork. However, the team says it will continue to monitor the development of the merger to ensure better services on the protocol.
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