Cryptocurrency

Community braces for ‘fork wars’ after Poloniex’s sudden move to support EthereumFair over ETHW

Zegex

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.”

folk wars

The Twitter community has called the move the beginning of a new “fork war,” reminiscent of the days when Bitcoin Cash was created.

The Twitter account @HsakaTrades called the move the beginning of a “clown show.”

CryptoSlate was unable to obtain further statements from Poloniex, Justin Sun, or the EthereumFair team at the time of writing.

merge

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.

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