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Alistair Milne, a major crypto influencer and CIO of Altana Digital Currency Fund, predicted that there would be two chains after the Ethereum merger. Milne is one of the few experts who predicted a hard fork of the Ethereum blockchain after the merger.
Milne also believes that the new hard forked ETHw token will be worth a 9% Proof-of-Stake tier. This is equivalent to the same market capitalization as Ripple XRP.
Various scenarios after the Ethereum merger
There is intense speculation regarding the future of Ethereum after the merger. Ethereum Merge replaces energy-intensive Proof-of-Work with more efficient Proof-of-Stake. However, this move replaces the miners that currently run Ethereum.
Vitalik Buterin, founder of Ethereum, believes Proof-of-Work advocates should support Ethereum Classic. However, Justin Sun, founder of Tron and Poloniex Exchange, stated that PoW should exist after the merger. His Poloniex exchange has listed ETHw and ETHs tokens.
Buterin and Sun got into a verbal altercation over the future of Ethereum. Kevin Zhou of Galois Capital said he could introduce up to three separate chains after the merger.
Pressure on hard forks intensifies
Milne’s prediction and Sun’s support is good news for ETH PoW supporters. However, the crypto community is quickly uniting against any hard forks after the Ethereum merge. Chainlink, the leading smart contract company, has firmly stated that it will only support the Proof-of-Stake layer.
The second largest Ethereum mining pool, f2Pool, also believes that the PoW era for Ethereum is over. By leaving the hard fork decision to the miners, the company hopes to move on to the era of Proof of Stake.
Other crypto companies also oppose any potential hard fork. Barry Silbert of the Digital Currency Group expressed his support for ETH and ETH Classic only, not hard forks. DeBank DeFi also believes that the hard fork will be a catastrophic event for the entire blockchain community. They have stated that they do not support hard fork tokens in their products.
If ETHw is to achieve a significant market cap, it must be done despite strong opposition.
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