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Chainlink Refuses To Support Potential Ethereum's PoW Forks

08 August 2022 14:04, UTC
Anna Martynova

Chainlink decentralized oracle network developers will not support potential Ethereum's Proof-of-Work (PoW) forks after the mainnet merges with Beacon Chain. The team assured that the protocol and its services will continue to operate during and after Ethereum's transition to PoS, scheduled for September.

Chainlink recommended that Ethereum and dApps developers “who are unsure of their migration strategy surrounding the Merge” to pause smart contract operations, in order to “avoid unforeseen incidents and help protect end users.” Chainlink experts noted that application developers must ensure that all external dependencies that their smart contracts rely on function properly, both before and after the Merge.

Earlier, Ethereum co-founder Vitalik BUTERIN admitted that the blockchain will face controversial hard forks in the next five to ten years. In his opinion, the fate of new chains will be determined by stablecoin issuers such as Tether (USDT) and USD Coin (USDC).

Image: Cryptokopen