Breaking: Chainlink Says its Protocol Will Not Support Ethereum Proof-of-Work Forks

• Chainlink has confirmed that it will no longer support Ethereum proof-of-work forks post the Merge upgrade further confirming its support of the Merge upgrade.
• As the Merge draws closer, there’s concern that there will be an emergence of hard forks largely initiated by miners in the Proof of Work system.

Chainlink has confirmed that it will only be supporting the Ethereum Merge upgrade. More specifically, the network has released a statement saying that it will not support Ethereum‘s proof-of-work forks. As the upgrade nears, there are concerns that there will be hard forks as miners look to retain their mining reward revenue. Earlier, Kevin Zhou of Galois Capital revealed that he expects at least three Ethereum hard forks. 

In its statement, the team behind Chainlink added;

Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol. This is aligned with both the Ethereum Foundation’s and broader Ethereum community’s decision, achieved via social consensus, to upgrade the Ethereum blockchain to PoS consensus.

The network has also asked smart contracts to pause their operations if they do not have a clear migration strategy post-merge.

The Chainlink protocol will continue to operate on Ethereum during and after the Merge

Forks of the Ethereum blockchain, including PoW forks, will not be supported

This is aligned with the Ethereum community’s decision to upgrade the chain to PoShttps://t.co/Avxafvr7eA

— Zach Rynes | CLG (@ChainLinkGod) August 7, 2022

In the last couple of hours, Justin Sun, the founder of Tron and Poloniex Exchange, has confirmed that the exchange will support Ethereum hard forks, citing real demand.

However, this has since led to a spat between Justin Sun and Ethereum co-founder Vitalik Buterin.

Following this announcement, Vitalik has accused of this initiative as a way to make a ‘quick buck.’

Although the upgrade will bring great benefits for users and developers, Miners will be the first to feel the heat. They will not be able to receive rewards for mining.

Ahead of the Merge, analysts predict that Ethereum (ETH) will continue to rally before and after the upgrade.