NewsletterEthereum Merge Gets Its Strongest Endorsement Yet Against Hard Forks
The date for Ethereum Merge is fast approaching. While many experts believe the Merge to be a massive bullish event, concerns regarding the hard forks post-merge are becoming an increasingly important issue.
However, Chainlink (LINK) will only support the Proof of Stake consensus layer post-merge.
Chainlink is a leading crypto company that provides smart contract tools. Its strong endorsement can dissuade any potential hard forks.
Chainlink Supports The Ethereum Merge
Ethereum currently uses Proof of Work as its consensus mechanism. However, due to the energy inefficiency and wastage involved with the Proof of Work, Ethereum decided to shift its consensus mechanism from Proof of Work to Proof of Stake.
The Ethereum Merge will replace the miners in the Proof of Work system with validators in the Proof of Stake system. As a result, there are concerns that the miners would hard fork the Ethereum blockchain. Kevin Zhou of Galois Capital revealed that he expects at least three Ethereum hard forks.
However, in a blog post released by Chainlink, the company has made it clear that it only supports the PoS layer of Ethereum. It also explicitly states that any hard forks of Ethereum will not be supported. Chainlink highlights the community decision taken by Ethereum to move to Proof of Stake and states that it stands by it.
Chainlink also advises smart contracts to pause their operations if they do not have a clear migration strategy post-merge.
Support Around Hard Forks Split
The issue of hard forks is becoming increasingly important as the date for the merge approaches. Justin Sun, the founder of Tron and Poloniex Exchange, revealed that he supports any hard forks of the Ethereum blockchain.
In response, Vitalik Buterin, the founder of Ethereum took a dig at him for trying to make a quick buck. Barry Silbert, the founder of Digital Currency Group, has expressed his support for Ethereum and Ethereum Classic. He also states that he will not support any hard forks after the Merge.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Strategy CEO Says Bitcoin Sales Unlikely Before 2029 After Creating $1.44B Dividend Reserves
- Trump Sets Early 2026 Timeline for New Fed Chair Pick
- Kraken to Acquire Backed Finance, Expanding Tokenized Equities Ahead of 2026 IPO
- XRP News: Ripple Expands Payments Service With RedotPay Integration
- Bitcoin Surges Above $90K Fueled By Fed QT End And Rate Cut Optimism
- Litecoin Price Jumps 10% as Vanguard Opens LTCC Access — How High Can LTC Go?
- Pepe Coin Jumps 14% on Double Bottom Signal Amid Market Recovery — Is a 50% Rally in Sight?
- Hedera Price Surges 10% After Canary Capital HBAR ETF Goes Live on Vanguard
- Bitcoin Price: What’s Next For BTC After Fed Chair Jerome Powell’s Speech?
- XRP Price Slowly Forms a Rare Pattern as Ripple ETFs Near $1B Milestone
- Chainlink Price Eyes More Recovery After Grayscale’s Spot ETF Launch
