Which will signal the network's transition to the Proof-of-Stake (PoS) validation algorithm, major players in the cryptocurrency market are plotting their next moves.
One of them is the Chainlink (LINK) protocol, whose team recently detailed its future steps and recommendations in preparation for the September 2022 Merge transition, explaining that it will not support forked versions of the network, including Proof-of-Work (PoW) forks.
The Chainlink protocol and its services, according to the team, will remain operational on the ETH blockchain during and after the Merge to the PoS consensus layer. Users should be aware that the Chainlink protocol will not support forked versions of the ETH blockchain, including PoW forks.
Caution over ‘unforeseen incidents’
In addition, the Chainlink team has recommended Ethereum developers and dApp teams who are unsure of their migration plan in the aftermath of the Merge to suspend smart contract activities in order to avoid unanticipated events and safeguard end users.
Furthermore, the document states that this is owing to the fact that dApps running on forked versions of Ethereum, particularly PoW forks, may behave unexpectedly due to protocol and application-level flaws, posing an elevated risk to consumers.
Lastly, the team vowed to keep an eye on any changes around the Ethereum Merge in order to maintain the highest degree of stability for Chainlink services.
Push for a PoW fork
As a reminder, certain members of the crypto community are opposing the Merge and have even offered a fork to keep Ethereum's present PoW algorithm after the update.
Ethereum founder Vitalik Buterin seems unconcerned about this trend, remarking that it is coming from a few of outsiders that essentially have exchanges and most of them simply want to make quick buck.
Having previously stated support for Ethereum Classic (ETC), the consequence of the 2016 contentious hard fork, Buterin said that:
“So, I'm not expecting it to have significant long-term acceptance simply because I believe Ethereum Classic already offers a superior community and product for individuals who support proof-of-work.”
Indeed, Buterin previously said that the network had adequate ability to support PoW miners and that Ethereum Classic (ETC) was an excellent chain. As CoinGabbar earlier reported that his support contributed to the subsequent capital inflow and price increase of the Ethereum Classic cryptocurrency.
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