Crypto community divided over Ethereum hard fork
Crypto exchanges like MEXC, Gate, and OKX have hinted that they could list the forked version of Ethereum.
OKX, Huobi hint at listing Ethereum forks
Jay Hao, the CEO of OKX exchange, has hinted that the exchange could list “the newly forked coins if there is sufficient demand.”
Potential Ethereum hard forks may emerge when the network's upgrade takes effect.
We will evaluate and list the newly forked coins if there is sufficient demand.
— jay_star.okx ⚛️ OKX CEO (@star_okx) August 8, 2022
However, he added that OKX “will support the Ethereum Merge.”
Huobi also confirmed that it would support Ethereum forked assets on its platform as long as they meet the exchange security requirements.
But it added that it does not encourage arbitrary forking and pre-mining that could affect the industry’s development.
BitMEX says ETHPoW would generate interest
BitMEX wrote that there are many technical challenges that a forked version of Ethereum would face. It continued that if the positive sentiments surrounding the forked coins persist, leading centralized exchanges might list them.
ETHPoW may generate a lot of excitement, and we predict that ETH vs ETHPoW will be a popular trading pair post-split, at least until another interesting dynamic comes along.
Meanwhile, BitMEX will allow its users to have exposure to ETHPoW through a linear futures contract margined in Tether that will go live on August 9.
Chainlink, Digital Currency Group will not support hard forks
CEO of Digital Currency Group Barry Silbert said his firm does not intend to back any Ethereum hard fork.
fwiw, our full support is behind ETH PoS, in addition to ETC, and have zero intention to support any ETH PoW fork. ETH miners should move to ETC to maximize their revenue long term. simple as that
— Barry Silbert (@BarrySilbert) August 6, 2022
According to Silbert, ETH miners should move to Ethereum Classic (ETC) to maximize their revenue for the long term.
“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 and broader Ethereum community’s decision.”
Meanwhile, Ethereum co-founder Vitalik Buterin said that those who want Ethereum to remain a PoW network are those who want to make quick cash. Buterin said:
“Should a fork gain traction, I’m sure there’s going to be problems… if they want to make a fork, it’s on them to mitigate those problems.”