Coinbase Will Support Possible Ethereum PoW Splits

The Ethereum (ETH) merge is coming and that means that from then on it mine of ETH will be a thing of the past. However, if it is up to a group of miners, EthereumPoW, there will also be a split of the network so that the current Ethereum will continue to exist. US crypto exchange Coinbase has indicated that they will simply list this token, if it meets the criteria.

Ethereum proof of work

Rumors have been going on for a while that the group of miners will do everything in its power to achieve a hard fork in which a proof of work version of the Ethereum network will continue to exist. It is not yet certain that this will actually happen during the merge, but it is a realistic possibility.

Unsurprisingly, miners are vehemently against the switch to in large numbers proof of stake what will be the main component of the merge. Mining ETH is hereby abolished and being that way miners also evaporate their source of income like snow in the sun.

Coinbase announced on Twitter yesterday that it would support a hard fork of the network by listing it on the exchange. It is of course important to mention that this support is not unconditional. The new token will simply have to meet Coinbase’s requirements.

“Rest assured, all potential Ethereum forked tokens, including PoW forks, will go through the same rigorous listing review process that is done for all other assets listed on our exchange.”

Network splits

A Chinese miner, Chandler Guo, is one of the people behind the EthereumPOW movement. He states that a hard fork is inevitable. In addition, he recently indicated that he expects there to be maybe seven or eight different hard forks during the merge.

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The founder of the Ethereum network, Vitalik Buterin, is little concerned about such network splits. According to him, the hard forks will not harm the Ethereum network itself.

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