{"id":6128,"date":"2022-08-06T10:20:38","date_gmt":"2022-08-06T10:20:38","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/06\/will-miners-move-to-ethereum-classic-impact-merge-heres-what-vitalik-buterin-think\/"},"modified":"2022-08-06T10:20:38","modified_gmt":"2022-08-06T10:20:38","slug":"will-miners-move-to-ethereum-classic-impact-merge-heres-what-vitalik-buterin-think","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/06\/will-miners-move-to-ethereum-classic-impact-merge-heres-what-vitalik-buterin-think\/","title":{"rendered":"Will Miners Move To Ethereum Classic Impact Merge? Here&#8217;s What Vitalik Buterin Think"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/will-miners-move-to-ethereum-classic-impact-merge-heres-what-vitalik-buterin-think\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Ethereum\u2019s co-founder Vitalik Buterin on Saturday stated the Ethereum transition from proof-of-work (PoW) to proof-of-stake (PoS) is unlikely to be affected by miners shifting to Ethereum Classic.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>Buterin reaffirms his help for the Ethereum Classic chain saying miners can proceed mining Ethereum tokens after the Ethereum Merge. The value of ETC jumped over 6% in consequence.<\/p>\n<h2>Vitalik Buterin Believes Miners Can Move to Ethereum Classic Post Merge<\/h2>\n<p>Ethereum co-founder Vitalik Buterin in a closed press convention throughout South Korea Blockchain Week stated the Merge is unlikely to be impacted if miners mine tokens on the Ethereum Classic blockchain, reported <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-06\/buterin-says-mining-on-ethereum-classic-won-t-affect-merge\">Bloomberg<\/a> on August 6.<\/p>\n<p>The Merge will make miners out of date, probably impacting over 1 million folks globally. Miners and customers who consider in proof-of-work (PoW) can use the Classic blockchain. In truth, miners will likely shift to Ethereum Classic (ETC) post-Merge, as their income are already impacted after the crypto crash.<\/p>\n<blockquote>\n<p>\u201cI don\u2019t expect Ethereum to really be significantly harmed by another fork. In general my impression from pretty much everyone I talk to in Ethereum ecosystem, they have been completely supportive of the proof-of-stake effort and the ecosystem has been quite united around it.\u201d<\/p>\n<\/blockquote>\n<p>He additionally criticized folks and crypto exchanges akin to Tron\u2019s founder <a href=\"https:\/\/coingape.com\/justin-sun-poloniex-huobi-support-chandler-guos-ethereumpow-fork-for-miners\/\">Justin Sun, Poloniex, and Huobi<\/a>\u00a0for supporting the EthereumPoW (ETHPoW) arduous fork of Ethereum. He stated they&#8217;re \u201csimply trying to make a quick buck.\u201d Vitalik believes there will probably be issues with the fork, and the \u201cpeople responsible must mitigate those problems.\u201d<\/p>\n<p>The <a href=\"https:\/\/coingape.com\/vitalik-buterin-merge-isnt-priced-in-yet-ethereum-eth-price\/\">Merge will be influential<\/a> for the neighborhood. Moreover, ZK-Rollups will possible be Ethereum\u2019s high Layer 2 scaling answer. Vitalik Buterin says he doesn\u2019t need folks to lose cash as a consequence of Ethereum\u2019s transition to PoS.<\/p>\n<blockquote>\n<p>\u201cI hope that whatever happens, doesn\u2019t lead to people losing money. Hope for the best.\u201d<\/p>\n<\/blockquote>\n<h2>ETC Prices Rally Higher Amid Support<\/h2>\n<p>The Ethereum Classic (ETC) value has rallied considerably since Vitalik Buterin and <a href=\"https:\/\/coingape.com\/ethereum-classic-etc-soars-90-will-vitalik-and-merge-support-miners\/\">AntPool supported the PoW blockchain<\/a>. The Ethereum Classic costs have jumped over 200% in only a month, from $14 to over $44.<\/p>\n<p>In the final 24 hours, the ETC value has <a href=\"https:\/\/coingape.com\/markets\/ethereum-price-analysis-eth-inches-higher-near-1700-amid-consolidation\/\">soared over 8%<\/a>, with the present value buying and selling at $38.14. Meanwhile, Ethereum\u2019s (ETH) value is buying and selling at $1,713, up over 3%.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA119031\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nVarinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment protecting all the most recent updates and developments within the crypto trade.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD119031\">\n<p> The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/will-miners-move-to-ethereum-classic-impact-merge-heres-what-vitalik-buterin-think\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum\u2019s co-founder Vitalik Buterin on Saturday stated the Ethereum transition from proof-of-work (PoW) to proof-of-stake (PoS) is unlikely to be affected by miners shifting to Ethereum Classic. Buterin reaffirms his help for the Ethereum Classic chain saying miners can proceed mining Ethereum tokens after the Ethereum Merge. The value of ETC jumped over 6% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[221,1496,108,168,1634,953,585,1536,220],"class_list":["post-6128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-buterin","tag-classic","tag-ethereum","tag-heres","tag-impact","tag-merge","tag-miners","tag-move","tag-vitalik","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/6128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=6128"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/6128\/revisions"}],"predecessor-version":[{"id":6129,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/6128\/revisions\/6129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/2246"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=6128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=6128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=6128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}