Connect with us

Hi, what are you looking for?


Chainlink says protocol will not support Ethereum PoW forks

Chainlink Labs says its protocol will not support any forked versions of Ethereum (ETH) ahead of the highly anticipated ‘Merge’ event that will see the Ethereum network upgrade from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) consensus layer.

Chainlink Labs not supportive of ETHPoW

Chainlink (LINK), whose team has said it targets ensuring continuity for its users within the Ethereum ecosystem, is among those to clearly say they won’t be supporting new versions of ETH.

The Chainlink Labs team said in a post on Monday:

The Chainlink protocol and its services will remain operational on the Ethereum blockchain during and after the Merge to the PoS consensus layer. Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol.”

According to the protocol, its unforeseen application-level risks on the PoW forks among other reasons provided the basis for the decision not to support any such forks.

The team is also advising developers and decentralised applications (dApps) teams to take steps towards protecting users, particularly where teams “are unsure of their migration strategy.”

“dApps operating on forked versions of Ethereum, including PoW forks, might behave in unexpected ways due to both protocol and application-level issues, introducing increased risk for users.”

As the Ethereum merge moves closer, calls among some within the ecosystem, especially miners, are looking at forking the blockchain to continue mining to the last juice using their ASICs. This idea has had some support from quarters, including Poloniex and Tron (TRX). Tron founder Justin Sun tweeted about the support on Monday.

#ETHS and #ETHW is on #TRON blockchain now supported by @Poloniex!

— H.E. Justin Sun🌞🇬🇩 (@justinsuntron) August 8, 2022

However, many players say the move isn’t in the best interest of retail users and thus oppose any forking plans.

6. this fork chain will be a giant retail trap. miners, exchanges, traders are all trying to talk it up for their own self-interested reasons.

— Hasu⚡️🤖 (@hasufl) August 6, 2022

The Ethereum ‘merge’ event is expected on 16 September this year.

The post Chainlink says protocol will not support Ethereum PoW forks appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...


    U.S. District Court Judge Reed O’Connor recently ruled to uphold the rights of employers granted in the Religious Freedom Restoration Act, rather than uphold...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023