EthereumPoW Fork Won't 'Significantly' Harm Ethereum - Vitalik Buterin

cryptonews.com:

Another hard fork won't "significantly" harm Ethereum (ETH) and "pretty much everyone" in the Ethereum ecosystem is supportive of The Merge, when the network transitions from a proof-of-work (PoW) system to proof-of-stake (PoS), according to Ethereum co-founder Vitalik Buterin.

His remarks come after some crypto miners, including prominent Chinese miner Chandler Guo, have expressed intentions to fork Ethereum as it moves to PoS, making miners obsolete. 

“I don’t expect Ethereum to really be significantly harmed by another fork,” Buterin said in a webinar this past weekend, per Fortune.

“My impression from pretty much everyone I talked to in the Ethereum ecosystem is that they’ve been completely supportive of the proof-of-stake effort and united around it,” he was quoted as saying. 

For now, the much-anticipated Merge upgrade is expected to go through as soon as September. Ethereum supporters are excited about the upgrade, which should improve the network's efficiency and reduce its environmental impact. 

However, Ethereum miners, whose earnings are at stake following the upgrade given that it would remove the need for miners to secure the network, are not seemingly happy. To keep their income, they are advertising for a potential continued “ETH PoW” (“Ethereum proof-of-work”) chain post-upgrade. 

The Ethereum mastermind claimed that those pushing for a fork are mostly “a couple of outsiders that basically have exchanges and most just want to make a quick buck.” 

“So, I’m not expecting it to have substantial long-term adoption, just because I think Ethereum Classic [ETC] already has a superior community and superior product for people pro-proof-of-work,” noting that still there might be “a couple of splats” as Ethereum shifts.