Justin Sun Fires Back At Vitalik As Battle Of Ethereum Merge Heats Up
With the soft date of Ethereum Merge approaching, the conversation around Ethereum’s future is getting more heated. Justin Sun, the founder of Tron, becomes one of the most influential figures to publicly support Ethereum’s hard forks.
Vitalik Buterin, the founder of Ethereum, took a dig at supporters of the Ethereum hard fork, including Sun. He stated that these supporters are exchange owners looking to make quick money.
Justin Sun took to Twitter to dispute Vitalik’s claims. He claims that his exchange, Poloniex, does not take any fees for ETHW or ETHS trading. He claims that his support is only for the public good.
The Back-and-Forth Around Ethereum Merge
The Ethereum Merge replaces the miners currently required by Proof-of-Work with validators. As a result, the next move of the affected miners has become a topic of intense speculation. Buterin asked PoW supporters to support the Ethereum Classic blockchain.
However, concerns regarding hard forks in Ethereum after the merge have been a cause of concern. Chandler Guo, an influential Chinese miner, revealed his intention to fork ETH.
Justin Sun made the decision to support any potential fork. Poloniex, Sun’s exchange, now lists both ETHW and ETHS. The exchange also allows any ETH holder to swap their tokens to ETHS or ETHW.
Sun claims that he is appreciative of the works of the Ethereum Foundation and Vitalik. However, he claims that Proof of Work should exist as a consensus mechanism even after the merge.
What Will The Miners Do Post-Merge
The second largest mining pool, f2pool, has revealed that the era of Proof of Work has come to an end on Ethereum. They revealed that the decision of a hard fork will be left to the miners. However, they state their willingness to move on to Proof of Stake.
Chainlink ($LINK), a leading smart contract company, also revealed its intent to only support the Proof of Stake layer of Ethereum.
- IBIT Bitcoin ETF Becomes BlackRock’s Most Profitable Fund, Nears $100B Milestone
- Bitcoin Tops $126,000 as Market Prices In Three-Week U.S. Government Shutdown
- Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally
- Robinhood Outage Reported by Users, HOOD Stock Drops
- Tom Lee’s BitMine Adds $820M Worth of Ethereum as ETH Rebounds
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
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.
