Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions

With 50 days left until the week of September 19, the crypto community is debating whether Ethereum developers will delay The Merge pencil date. Additionally, on July 27, crypto hedge fund Galois Capital released a survey on Twitter indicating that over 33% of survey respondents believe Ethereum could be split in two again.

Merge to be postponed to September is a hot topic

after the so-called pencil-in date for The Mergewas announced, the prices ofEthereum (ETH)andEthereum Classic (ETC)soared against the US dollar. Superphiz, a developer and Beacon chaincommunity director forEthereum, explained that “the timeline is not final,” but the planned timeline he shared indicated that The Merge could be implemented the week of September 19 He stated that it is possible that The Merge could be implemented the week of September 19. Essentially, The Merge will finalize the transition from a proof-of-work (PoW) chain to a proof-of-stake (PoS) consensus model.

Almost immediately after the announcement, the price of Ethereum, which had previously suffered a bear market slump, jumped much higher. ETHhas risen 62.4% against the U.S. dollar over the past 30 days. However, as that day approaches, the hype has diminished and people are now wondering if Ethereum’s developers will delay The Merge fork.The topic of The Merge delay has been ahot topic on social media this past weekend. One individualwrote:

I think everyone is too fixated on The Merge’s September deadline and thinks everything has to be resolved in the next few months. But what if the Ethereum Foundation only delays it again?

Ethereum supporter says “low probability bare scenario” if merge delayed.

There are multiple Twitter threads discussing the possibility of The Merge being delayed and a myriad of theoretical scenarios. An individual named Chris, who calls himself a “retired degen,” has published a thread showing the positives if The Merge is successfully implemented without problems.

ChrisclaimsThe Merge will drop the blockchain network’s energy usage by 99.95%, which willdeflate ETHand institutional investors will flock to the project. However, Chris further stated that a bear scenario could occur if The Merge is postponed again.

“The low probability bear scenario is if The Merge is delayed again.” Chrisexplained“The developer is fairly confident enough to set a date for the event, so a delay is not high probability. But then, some test nets have not yet transitioned from PoW to PoS. Namely Ethereum’s Goelri and Sepolia.”

Galois Capital Survey Sparks ETH2 Delay and Chain Split Discussion

Numerous Twitter talking about The Merge being delayed In addition to discussions, crypto hedge fund Galois Capital shareda surveyasking if they think Ethereum will split into two chains after The Merge is implemented. 53.7% of survey respondents said The Merge will go smoothly, while 33.1% thought the chain could split. If it splits, there will be PoW and PoS tokens, but the PoW version of ETHalready exists; ETH

The Ethereum Classic (ETC) network was introduced after the 2016 fork to rectify the DAO hack and Galois Capital survey shows 51.8% believeETH miners will migrate toetc

Galois Capital research shows thatstablecoin company Tether will separate from PoSPoW tokensand asked whether the possibility of supporting PoW tokens that separate from the ETHnetwork is non-trivial. However, Tether CTO Paolo Ardoinosaid on Sunday that Tether plans to “support ETH2”.” Ardoino alsoemphasized that “ETH2 support will be seamless,”and added

between PoW/PoS is not what I/we prefer. Stablecoin should act responsibly and avoid user confusion. Especially [decentralized finance] is really delicate.

What do you think about the recent discussion surrounding The Merge upgrade and questions about the possibility of Ethereum splitting into two chains? Do you think there will be delays or problems if The Merge upgrade is implemented? Let us know what you think about this topic in the comments section below.

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