Community braces for ‘fork wars’ after Poloniex’s sudden move to support EthereumFair over ETHW

Please fol­low and like us:
Pin Share

The Poloniex exchange has named Ethereum­Fair (ETF) as the ETH Proof-of-Work (PoW) forked chain as the prin­ci­pal one it will sup­port, accord­ing to a Sept. 15 state­ment.

Pre­vi­ous­ly, Poloniex voiced sup­port for ETHW but said it changed its mind as ETF is “sup­port­ed by the community’s majority.”

Poloniex added that it will con­tin­ue to sup­port all oth­er fork chains “accord­ing to the situation.”.

The Fork Wars

The Twit­ter com­mu­ni­ty is call­ing the move the start of the new “fork wars,” harken­ing back to the time Bit­coin Cash was created.

Twit­ter account @HsakaTrades called the move the begin­ning of the “clown show.”

Cryp­toSlate could not get fur­ther state­ments from Poloniex, Justin Sun or the Ethereum­Fair team as of press time.

The Merge

The Ethereum Merge occurred at approx­i­mate­ly 07:00 UTC on Sep­tem­ber 15, effec­tive­ly end­ing PoW on this chain.

In the years pre­ced­ing this event, PoW advo­cates and min­ers had pushed back, resist­ing the tran­si­tion. How­ev­er, with the Merge now final­ized, ETH min­ers are con­sid­er­ing their next move.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *