Ethereum co-founder Vitalik Buterin has been finding its way into many conversations within the crypto community recently Ethereum proof-of-work (PoW) Discussing what he thinks about the topic of forking, Buterin said at the ETH-Seoul conference over the weekend that he thinks the people introducing the concept of forked tokens are basically “a couple of outsiders” and “mostly just looking to make a quick buck.” He stated that he believes that they are.
Vitalik Buterin Gives His Opinion on the Proposed Ethereum PoW Fork Idea
(Vitalik Buterin gives his opinion on the proposed Ethereum PoW fork
crypto community) Many people within the Ethereum crypto community have been discussing a possibleETHfork, a PoW fork (ETHW) that would be unique from the existing Ethereum Classic blockchain. Bitcoin.com News has published an article on the Ethereum Classic (ETC), and then reported on Chandler Guo, an influential Chinese crypto-miner who started the ETHW conversation after describing his participation in the birth of Ethereum Classic ( The idea then gained further traction as the websiteethereumpow.orgwent live and several exchanges decided to list the fork.
Currently, ETHW’s IOU tokens are worth$138.69 per token, according to coinmarketcap.com’s index, against Tron’s USDD stablecoin, ETHW goes hand-in-hand forOn Poloniex it is trading at 142.27 USDD. This weekend, Ethereum co-founder Vitalik ButerindiscussedETHW in Q&session at the 32} ETH-Seoul Conferencein Q&A session at the ETH-Seoul Conferencein Mr. Buterin discussed ETHW in Q&A session at the ETH-Seoul ConferenceMr. Buterin downplayed the long-term acceptance of this type of fork, saying that it is not a “long term” fork, and that the downplayed the likelihood of this type of fork being accepted in the long term. “I don’t expect it to have substantial, long-term adoption,” Buterin stressed.
The Ethereum developer and co-founder also spoke about Ethereum Classic (ETC), and Buterin praised theETCcommunity, the ETCcommunity.” I think Ethereum Classic already has an excellent community and an excellent product for people with those pro-proof-of-work values and preferences,” said Buterin.When asked about the ETHW proposal, Buterin said that the creation involved was “basically just a few outsiders who have an exchange and mostly just want to make a quick buck,” explained Buterin, who added:
whatever happens, I hope it doesn’t lead to people losing money.
Digital Currency Group CEO Barry Silbert discussed ETHW, Buterin does not believe the fork will harm the Ethereum ecosystem
Buterin’s comments come in response to comments made by Barry Silbert, founder and CEO of Digital Currency Group (DCG), on Twitter about the idea of ETHW Silbert took to Twitter to discuss the Galois Capital account and tweeted,: “[For what it’s worth], our full support is behind [Ethereum proof-of-stake], in addition to [Ethereum Classic], and have zero intention to support any [Ethereum proof-of-work] fork.”He stated. [Ethereum] miners should move to [Ethereum Classic] to maximize revenue in the long run. It’s simple.”
Silbert also directly addressed some of Chandler Guo’s threads on Twitter, with Guo askingSilbert asked in one tweet, “Why only [Ethereum Classic]?” A DCG executive responded, saying it was a “smart play for [Ethereum] miners,” and he alsomentionedthat Antpool is leading an initiative to support the Ethereum Classic chain. When someone told,Silbert to stop engaging with Guo, Silbertreplied.” I like and respect Chandler. I just don’t agree with him on this strategy,” he said.
Meanwhile, at the ETH-Seoul conference this weekend, Buterin elaborated that he does not expect Ethereum (ETH) to be deterred by the possibility of another fork.” I don’t really expect Ethereum to be significantly compromised by another fork,” Buterin said. on Twitter, the software developer tweeted Monday about the ERC721 (non-fungible tokens) NFT stealth address It is and it is business as usual for Buterin.” A low-tech approach to adding a significant amount of privacy to the NFT ecosystem,” said Ethereum co-founder
What do you think about Vitalik Buterin’s opinion on the possible Ethereum PoW fork that has been discussed prior to The Merge? Let us know what you think about this subject in the comments section below.
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