Ethereum Hard Forks Will Not Receive Our Support – Chainlink

Summary:

• Chainlink has declared its stance regarding the upcoming Ethereum PoS modulation and imaginable web hard forks.
• The oracle web supports Ethereum’s upgrade to a Proof-of-Stake consensus.
• Forked versions of ETH’s Proof-of-Work blockchain volition not beryllium supported by the protocol.
• The quality comes arsenic speculations regarding a hard fork person emerged successful caller weeks starring up to The Merge.
• One large ETH miner Chandler Guo is said to determination towards a hard fork successful a bid to prolong a PoW ecosystem.
• Crypto speech OKX said they program to show immoderate forks and database forked tokens if they boast capable demand.
• Ethereum laminitis Vitalik Buterin surmised that different ETH fork shouldn’t endanger the post-merge network. 

Ethereum-based protocol Chainlink released an update connected Monday clarifying its stance and determination to not enactment imaginable hard forks arsenic the Merge, ETH’s pivotal power to a Proof-of-Stake statement draws closer.

The protocol has made it wide that the web plans to support operations connected ETH’s web during and aft the Merge takes spot aboriginal successful September.

Chainlink’s mainnet launched afloat successful May 2019 arsenic a decentralized web built connected the Ethereum blockchain. The web powers the transportation of information from off-chain sources to on-chain channels by leveraging customized astute contracts known arsenic oracles.

While Chainlink has made it wide that the oracle web stands with the merge, akin enactment does not widen to imaginable hard forks, per Monday’s announcement. 

Users should beryllium alert that forked versions of the Ethereum blockchain, including PoW forks, volition not beryllium supported by the Chainlink protocol.

ETH’s watershed transition to PoS has seemingly garnered some enactment and absorption wrong the crypto community. A large ETH miner Chandler Guo supposedly aims to spell up with a hard fork of Ethereum’s Proof-of-Work blockchain. The determination could perchance prolong an ETH ecosystem built astir PoW and miners.

Tron laminitis Justin Sun pledged 1 cardinal ETH if specified an effort proves to beryllium successful. Cryptocurrency speech OKX has besides hinted openness towards hard forked coins and said request for specified tokens could find if the level volition database them.

ETH Daily Chart (Source: TradingView)

Ethereum Founder Says ETHPoW Hard Forks Are Not An Issue

Vitalik Buterin surmised that immoderate imaginable ETH PoW hard forks shouldn’t airs a menace to the Merge. Buterin shared these remarks implicit the play during an ETH league successful Seoul, South Korea.

Buterin opined that ETH Classic already has an existing assemblage built astir PoW and that astir of the ETH ecosystem is down the PoS transition.

Ethereum Founder Vitalik Buterin (Source: Forbes)