The Poloniex exchange has designated EthereumFair (ETF) as the leading Proof of Work (PoW) fork chain for ETH, according to information on Sept. 15. statement.
Poloniex had previously voiced support for ETHW, but said it had changed its mind because the ETF was “backed by the majority of the community.”
Poloniex added that it will continue to support all other fork chains “subject to availability.”
The Twitter community has called the move the beginning of a new “fork war,” reminiscent of the days when Bitcoin Cash was created.
Justin Sun’s Poloniex exchange has suddenly stated that it has decided to choose EthereumFair, a fork chain started by ClassZZ, as the main chain for its ETHW token. ETFs are not ETHPOW @ Chandler Guo Others have advertised before. https://t.co/qMk9drZbW1
— Wu Blockchain (@WuBlockchain) September 15, 2022
The Twitter account @HsakaTrades called the move the beginning of a “clown show.”
This is not just a rename, it’s another fork.
— Hasaka (@HsakaTrades) September 15, 2022
CryptoSlate was unable to obtain further statements from Poloniex, Justin Sun, or the EthereumFair team at the time of writing.
The Ethereum merge happened on September 15th at approximately 07:00 UTC, effectively ending PoW for this chain.
In the years preceding this event, PoW advocates and miners resisted and pushed back on the transition. However, now that the merge is complete, ETH miners are considering their next move.