Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Fawpac2 on September 05, 2022, 09:00:40 AM
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Asection of the crypto community is anticipating potential Ethereum proof of work in parallel with the new proof of stake chain. However, chances of success of the proof of work chain are highly unpredictable at the moment. On the other side, there are high chances of ETH miners shifting to Ethereum Classic (ETC) after Merge. Also, it will be interesting how ETC price movement could pan out to be post September 15.What About Proof Of Work Ethereum After Merge
After the main Ethereum network ‘Merges’ with the Beacon Chain, the old proof of work will continue to exist. Also, people could still continue to trade the old coin associated with proof of work. And there would be no stopping of trading the old coin. In addition, miners would be looking to maximize on mining the old coin before it shifts to the new mechanism. The possibility of a hard fork of the Ethereum blockchain would also come with some drawbacks. It could cause major confusion and potential technological issues, going forward.
Those Ethereum holders who wish to stick with the upcoming proof of stake chain would be carried forward by default. After the Merge, all the old ETH coins of traders would have already be running on the new consensus mechanism. source (https://cryptonews.net/11814285/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)