BitMEX, Poloniex, and OKX Declares Support for Ethereum Forked Tokens, While Chainlink Kicks Against Them - BitcoinEthereumNews.com
With the Ethereum Merge around the corner, crypto firms have decided whether to support possible ETH forked tokens. Crypto-related projects have started indicating whether they will support Ethereums transition from a Proof-of-Work (PoW) algorithm to Proof-of-Stake dubbed “The Merge”, as well as a possible fork of the network. With the Merge scheduled to go live next month, Chainlink (LINK) anounced in a statement that it would be supporting the Ethereum Merge to ensure continuity for Chainlink protocol users on the Ethereum network. Chainlink noted that its protocols and services would continue to operate on the second-largest blockchain network before and after the Merge upgrade is implemented. While Chainlink will support the Ethereum Merge, the crypto project said it would not do the same for any potential hard fork of Ethereum. “Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol,” the network noted in a statement. Chainlink added: “This is aligned with both the Ethereum Foundation and broader Ethereum communitys decision, achieved via social consensus, to upgrade the Ethereum blockchain to PoS consensus.” Miners Hint At Possible Ethereum Forks The development comes after popular Ethereum miner Chandler Guo hinted at the possibility that an ETH