The Ethereum Merge is going to be one of the most high-profile upgrades in recent years but the retaliation is growing and gaining allies. Those opposing keep reiterating their stance for Ethereum to undergo a “hard fork” after it transforms into a Proof-of-Stake (PoS) blockchain mechanism next month.
Despite the growing retaliation, many protocols are still insistent on shifting exclusively to the Proof-of-Stake (PoS) version, one of which is Aave protocol. Members of the DAO governing the open source liquidity protocol will review whether to transition completely to the new version of Ethereum mainnet and turn down any hard forks that still use the Proof of Work (PoW) consensus mechanism. It’s very possible that the Aave protocol might be shut down on any forks that arise from the Merge.
The proposal read:
“There is a general consensus from builders involved in the protocol’s development that it is effectively impossible to sustain a viable Aave Market on any Ethereum fork running an alternative consensus (such as Proof of Work).
To ensure the continued existence of the protocol for the community, the Aave DAO should consider signaling strongly that the Aave Protocol should commit to the Ethereum Mainnet, running under Proof of Stake consensus.”
Many miners are not happy about the transition because it will result in the delegation of tasks to validators instead of miners to reduce the energy emissions of the blockchain. The leader of the opposition is a popular Ethereum miner Chandler Guo who is now rallying his colleagues to support his efforts aimed at trying to save them from having to shut down their operations. His efforts are being backed by Tron’s founder Justin Sun, his exchange Poloniex and derivatives platform BitMEX.
On the other side of the camp are decentralized blockchain Oracle network, stablecoin issuer Circle and Chainlink which openly announced support for Ethereum’s shift to a PoS consensus mechanism. The proposed chain-split fork – EthereumPOW – published an open letter on Twitter saying that the new token will not be pre-mined and there will be no inflation. They also accused Ethereum’s elites of suppressing the voice of Ethereum miners and forcing others into cooperating. It intends to maintain PoW and the Nakomoto consensus mechanism while focusing on the abolition of EIP-1559.
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