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- The most anticipated Ethereum Merge is on the doorstep now, but now everyone is not waiting eagerly or that much excited for the update.
- A group named ETHW Core has objected to the shift, and they are also ready to lead a hard fork within one day after the launch of the major update.
ETHW Core is all set to cut off from the chief ETH blockchain and continue to the Proof-of-work mechanism to make ETH mining alive after Merge.
“ETHW mainnet will take place within one day after the upgrade. The time will be publicized just 1 hour befor introduction with a stopwatch and everything adding final code, binaries, files, nodes information and many more, will be publicized when the time is over,” the group informed through a tweet.
The Merge will transfer the current Proof-of-Work mechanism of the network to the Proof-of-Stake model of mining, eliminating miners and putting validators in their place.
The group wrote an open letter on August 29, in which they elaborated their motivations and the reason behind their belief, “undoubdetly, PoS is a game changer, but it only has the bad impacts.”
“It is well suggested to hold on the PoW mechanism, which can be a child’s play for the person who victor openness and therefore the free market as there is no disadvantage. Above all, if PoS is admittedly very good, then why be frightened of the match?”
The fork is driven by money. Is it so?
Even so, many groups trust the fork is driven by money instead of differences in the thought process and beliefs. Great concerns have been emphasized on the forks ChainID and if it will elevate the risk of replay attacks and other illicit activities.
On September 8, the ex-Ethereum foundation member Hudson Jameson got astonished that why the step was being taken after the launch of the upgrade.
“I have several doubts they are going to receive more hash power if they introduce after the Merge,” he wrote. “ until then, hash power will be included on the other chains the the worth of ETHPoW is already negligible,” he further added.
Viktor Bunin, the Coinbasecloud protocol expert, approached the ETHW Core for the resolution of the problem. The outcome of the query was not publicized.
If everything is according to plan, the major upgrade is now less than a day only.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
