Ethereum will soon move to PoS, but will all of its miners join it? Mining pools face a difficult decision that could determine the future of ETH. (Reporting via _prashantjha)
However, Buterin has denounced those who advocate for this forking, claiming that it would just be a ploy for miners to make easy money without benefiting humanity. Perhaps most importantly, it seems that much of the decentralized finance ecosystem has no intention of supporting Ethereum PoW, which is reason enough for Ethereum advocates to take a conservative approach to the Merge.
He added that if a fork does not occur, it is likely that other PoW chains such as “Ethereum Classic and GPU-hungry applications like Render Network gain hash power from ex-PoW Ethereum miners.” He added that a full PoS Ethereum has consistently had the support of the vast majority of the community and society more broadly, given improved environmental, social and corporate governance outcomes post Merge. Moreover, he said that major “DeFi protocols will simply choose not to recognize the ‘Ethereum PoW’ variant over post-Merge Ethereum, which is another major sticking point for the fork.”
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