no duplicate – Consolidation is approaching and NFT and crypto projects that will be affected by this Ethereum (ETH) update must anticipate the potential tension associated with this transition of the blockchain from Proof of Work to Proof of Stake.
NFTs in a Forked Ethereum in Troubled Waters
OpenSea will only navigate the waters of an Ethereum that works with Proof of Donation. A series of tweets from 1er Last September, the NFT market place aware of community to support The Merger, pledging to “ Only the upgraded Ethereum PoS chain supports NFT “
The platform insists that it will therefore not support any NFTs hosted on the ETHPoW fork, a dissident blockchain that could possibly emerge as a result of The Merge.
>> JDC offers you 100 places at -50% for Binance Blockchain week with code Paris50JournalDuCoin (commercial link) <
Consolidation: Blockchain Wars and Allies
ETHPoS is therefore on its way to becoming the dominant blockchain, in terms of resistance to miners affected by this major update, and who will then decide to go for a split. OpenSea has taken on other major projects as well decisive position Face this upcoming change of consensus mode in Ethereum.
Tether will thus guarantee only USDT will work at ETH POS. The value of the duplicated USDT on the ETHPoW forked blockchain will therefore not receive any support from the company. USD Coin (USDC) will follow only one movement, that is the ETHPoS blockchain. In addition to these stablecoins, Chainlink is on the list of crypto projects that are pro-PoS.
Mass is called, and ETHPoW will then fail? These are the proponents of forked blockchains does not separate, despite this clear stance in favor of ETHPoS. Coinbase is one of the crypto companies that won’t close the door on tokens hosted on ETHPoW.
Fork, not a fork! The cryptosphere will have to wait a few more days to know if this blockchain war is finally just a fantasy or it will take place. Meanwhile, ETH miners are preparing for the Grand Finals.
When Bitcoin is yo-yoing, it’s best to consult crypto industry experts. Enjoy Binance Blockchain Week in Paris on 14, 15 and 16 September 2022! Register now on Binance. JDC offers you 100 seats at -50%. Apply code Paris50JournalDuCoin when ordering. Hurry, there will not be enough for everyone! (commercial link).