As the merger time of the Ethereum mainnet approaches, discussions about Ethereum forks are also raging. Among them, the Ethereum PoW fork has attracted the most attention. In this regard, V God said that considering the importance of Stablecoin to the ecological development of the protocol, centralized Stablecoins such as USDT and USDC may be "important determinants of future hard forks." Obviously, for the Ethereum PoW fork, the success depends largely on the project side that supports it. BlockBeats will update the latest developments in Ethereum forks in real time.
Support ETH fork (support POW fork project)
f2pool
On August 8, f2pool, the second largest mining pool in Ethereum, said: Ethereum miners are the unsung heroes of the Ethereum ecosystem. Whether to support the ether fork or not is no longer important, we will let the miner community decide. However, we acknowledge that the era of ETH PoW is over and will be history.
In addition, the person in charge of f2pool said that it will provide mining pool services for ETH PoW.
BitMEX
On August 8, BitMEX announced that it will launch the ETHPoW futures contract ETHPOWZ22 on August 9, with USDT (ERC-20) as the margin and a maximum leverage of 2 times. It is reported that the ETHPOWZ22 futures contract has been launched on the testnet.
OKX
On August 8, OKX CEO Jay Hao stated on social media that OKX is actively paying attention to and supporting the merger of Ethereum. There may be a hard fork of Ethereum in this network upgrade, and OKX will evaluate and launch the hard fork token based on demand.
Poloniex
On August 4th, Poloniex, an encrypted trading platform of TRON, announced that it will support this ETH 2.0 upgrade and potential fork, and will launch two potential fork futures tokens and related trading markets on August 8th. Poloniex reserves the right to modify or change this announcement (such as removing relevant trading pairs in advance) to adapt to the latest market trends. In this regard, Justin Sun posted on social media that we (Justin Sun and the Poloniex trading platform) currently hold more than 1 million ETHs. ) community and developers donate some ETHW to help them build the Ethereum ecosystem.
Oppose ETH fork (oppose POW fork project)
DeBank
On August 9, the one-stop DeFi wallet DeBank officially stated that the hard fork will bring huge disasters to the entire Web3 ecosystem. Therefore, during the transition period of Ethereum's PoS merger, DeBank and all its products will not support any services of any potential fork chain, including Web3 user platform DeBankDeFi, non-custodial wallet Rabby and Web3 developer service DeBank Open API.
Argent
On August 8, the smart contract wallet Argent officially stated that it has recently received some questions about the potential PoW fork after the merger. Argent is very excited about the Ethereum merger, especially because it saves 99% of energy consumption. Argent said it has no plans to support any fork.
Chainlink
On August 8, the oracle protocol Chainlink posted on its official website that during and after the merger of Ethereum, the Chainlink protocol and its services will continue to run on Ethereum, and will not support forks of the Ethereum network, including PoW forks , which is consistent with the decision of the Ethereum community. For Ethereum developers and DApp teams whose migration strategy around the merge event is uncertain, it is recommended to suspend smart contract operations to avoid unforeseen events and help protect users.
Tether
On July 31, Tether CTO Paolo Ardoino said on social platforms whether USDT will support the POW Ethereum fork chain after the merger of Ethereum. We plan to support ETH2, and the support for the merged Ethereum 2.0 will be seamless. This has nothing to do with our preference for POW or POS, Stablecoins should act responsibly and avoid disruption to users.
In addition to the above project parties, many KOLs also expressed their attitudes towards the Ethereum fork:
Hasu, Head of Strategy, Flashbots
On August 7, Hasu, director of strategy at Flashbots, said in response to the ETH PoW fork that many people, including him, have been predicting for years that miners will fork Ethereum to squeeze the last profit from their investment. A large amount of computing power does not bring any significant value to the chain. Mainstream Stablecoins have zero chance of redemption on forked chains. “If there is any problem with the merge, it will only be delayed until the problem is resolved, and then merged a few weeks later. No one in the Ethereum community is willing to continue to use proof-of-work (PoW) except miners. is a huge trap. Miners, exchanges, and traders are all trying to justify their self-interest, but no one wants to use or build ETH PoW.”
CEO of DCG
On August 8, DCG CEO Barry Silbert said in a discussion on the Ethereum fork event on his social networking site, "We fully support Ethereum PoS and do not support any Ethereum PoW. ETH miners should turn to ETC to achieve long-term income maximize.