While speaking at the developer event “ETHSeoul” in the capital of South Korea, Ethereum co-founder Vitalik Buterin stated that he doesn’t expect any significant impact of forks on Ethereum from another hard fork after Ethereum merge.
Ethereum Merge is expected to occur in September which will transit its PoW to PoS, a more energy-efficient consensus. However, this transition will put an end to the income of the miners as it’ll not be required anymore after the Ethereum Merge.
Vitalik Buterin stated that people who wanted to follow PoW consensus were already separated from the network and shifted over to Ethereum Classic in 2016. While people on the main Ethereum network had continued their operation while keeping their dream of PoS alive.
He said that “I think Ethereum Classic already has a superior community and a superior product for people kind of with those pro-proof-of-work values and preferences.” He believes that the majority of the Ethereum network is supporting PoS consensus.
However, there are some players in the crypto markets who are ready to accept forked tokens. Justin Sun announced the support for two potential forked tokens after Ethereum Merge, ETHW, and ETHS, and has already listed them on its crypto exchange platform, Poloniex.
“A couple of outsiders basically have exchanges and mostly just want to make a quick buck,” Buterin said. “So I’m not expecting it to have substantial, long-term adoption. I hope that whatever happens, doesn’t lead to people losing money.”
