Ethereum PoW Hard Fork: Inevitable or Implausible? Community Divided
As the date of the Ethereum Proof-of-Stake (PoS) upgrade, known as "The Merge," approaches, the Ethereum community is grappling with a contentious debate: the possibility of an Ethereum Proof-of-Work (PoW) hard fork. The ETHPoW team published an open letter claiming its proof-of-work fork of Ethereum was “inevitable.” But is this truly the case?
The Push for an Ethereum PoW Fork
More than one team in the community has publicly announced that it will hard fork Ethereum when The Merge occurs. The motive behind retaining a PoW hard fork after The Merge is to perpetuate the revenue source for Ethereum miners. The prospect, however, means that a PoW hard fork of Ethereum is being propagated by a set of miners.
ETHPoW\'s Stance: "Inevitable"
El equipo responsable de ETHPoW, la propuesta para crear una red de Ethereum en la que se mantenga la minería vía Proof-of-Work (PoW), aseguró que será inevitable lanzar un hard fork. The project has removed the “difficulty bomb” from its version of EthereumPow, aiming to maintain a viable mining ecosystem.
Community Sentiment and Expert Opinions
While ETHPoW declares inevitability, many experts believe that the chances of it succeeding are very low. EthereumPow says the community, crypto exchanges, miners, and mining machine manufacturers are against the Ethereum Classic (ETC) and favor Ethereum fork. EthereumPow says the community, crypto exchanges, miners, and mining machine manufacturers are against the Ethereum Classic (ETC) and favor Ethereum fork. This divergence in opinion underscores the complexities surrounding the Ethereum fork debate.
Update: ETHPoW Development Team Dissolves
According to The development team behind the Ethereum proof-of-work (PoW) hard fork has decided to dissolve, according to a Dec. 19 announcement. In an attempt to achieve full
The Future of Ethereum PoW
The fate of an Ethereum PoW fork remains uncertain. Whether it achieves widespread adoption or fades into obscurity will depend on several factors, including community support, exchange listings, and the overall viability of the forked chain. The coming months will be crucial in determining whether the Ethereum PoW hard fork truly is "inevitable," or if it\'s merely a fleeting possibility.