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Alistair Milne, a serious crypto influencer and CIO of Altana Digital Currency Fund, has predicted that Ethereum may have two chains after the Ethereum Merge. Milne is likely one of the few consultants predicting a hard fork of the Ethereum blockchain after the merge.

Milne additionally believes that the brand new hard-forked ETHw token can be value 9% of the Proof-of-Stake layer. That is equal to the identical market cap as that of Ripple’s XRP.

The Different Scenarios After Ethereum Merge 

There is intense hypothesis concerning the post-merge way forward for Ethereum. The Ethereum Merge replaces an energy-intensive Proof-of-Work with a extra environment friendly Proof-of-stake. However, the transfer replaces the miners, at the moment operating the Ethereum.

Vitalik Buterin, the founding father of Ethereum, believes that Proof-of-Work supporters ought to help Ethereum Classic. However, Justin Sun, the founding father of Tron and Poloniex Exchange, has said that PoW ought to exist after the merge. His alternate, Poloniex, has listed each ETHw and ETHs tokens.

Buterin and Sun engaged in a disagreement over the future of Ethereum. Kevin Zhou of Galois Capital has revealed that he can envision as many as three separate chains after the merge.

Pressure Mounts Against Hard Forks

Milne’s prediction and Sun’s help are excellent news for ETH PoW supporters. However, the crypto neighborhood is rapidly uniting in opposition to any exhausting forks after the Ethereum Merge. Chainlink, the main good contract firm, has firmly said that it’s going to solely help the Proof-of-Stake layer.

The second largest Ethereum mining pool, f2Pool additionally believes that the PoW period is over on Ethereum. While leaving the choice of a tough fork as much as the miners, the corporate hopes to maneuver on to the Proof of Stake period.

Other crypto firms are additionally rallying in opposition to any potential exhausting fork. Barry Silbert of the Digital Currency Group expressed his help just for ETH and ETH Classic, and no exhausting forks. DeBank DeFi additionally believes {that a} exhausting fork can be a disastrous occasion for the whole blockchain neighborhood. They have said to not help any exhausting fork tokens on their merchandise.

If the ETHw has to achieve a sizeable market cap, it’s going to want to take action in opposition to robust opposition.

Nidhish is a expertise fanatic, whose goal is to seek out elegant technical options to unravel a few of society’s greatest points. He is a agency believer of decentralization and needs to work on the mainstream adoption of Blockchain. He can also be huge into virtually each widespread sports activities and likes to converse on all kinds of subjects.

The introduced content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.