Ethereum founder Vitalik Buterin says people pushing for hard fork to keep proof-of-work

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Ethereum founder Vitalik Buterin says people pushing for hard fork to keep proof-of-work

During the South Korea Blockchain Week, Vitalik Buterin, founder of ethereum, said people pushing for a hard fork ofEthereum to retain proof-of-work just to make a quick buck. Justin Sun has announced support for a hard fork ofEthereum post-merge by listing two new tokens on his Poloniex exchange. The tokens will be named ETHS and ETHW, related to proof-of-work and proof-of-work. After the merger of the Beacon chain, ETHW will be a new hard fork ofEthereum where GPU miners can continue to mineEthereum. Several Chinese miners have signed up to be part of the new chain in conjunction with Justin Sun.

Sun wants to incentivize a move to forkEthereum to retain a version of the current network within a proof-of-work chain. If the chain is realized, he's offering up to 1 million ETHW to build a developer community.

Vitalik stated that he has seen nothing but support for proof-of-work from within the community and noted that most people who want to keep proof-of-work are outsiders of the Ethereum ecosystem.

Justin Sun, the founder of the Tron network, is an outsider to the Ethereum ecosystem by many accounts. Vitalik said that the proponents of a hard fork own exchanges are just trying to make a quick buck. Vitalik replied that if the proof-of-work hard fork becomes something substantial, I foresee market confusion if that proof-of-work hard fork becomes something substantial. Vitalik put the onus on the proof-of-work chain instead of accepting that this could cause problems with what many will consider the mainnet. If a fork gains traction, Vitalik said, "I m sure there will be problems if they want to make a fork, it's on them to mitigate those problems."