Which project parties have stated that they do not support Ethereum forks?

As the time for the Ethereum mainnet merger approaches, discussions about Ethereum forks are also raging. Among them, the Ethereum PoW fork has attracted the most attention. In this regard, Vitalik Buterin said that considering the importance of stablecoins to the development of the protocol ecosystem, centralized stablecoins such as USDT and USDC may be "important determinants of future hard forks." Obviously, for the Ethereum PoW fork, the success or failure depends largely on the project party that supports it. BlockBeats will update the latest developments of the Ethereum fork in real time.

Support ETH fork (support POW fork project)

f2pool

On August 8, f2pool, the second largest mining pool of Ethereum, said: Ethereum miners are the unsung heroes of the Ethereum ecosystem. It is no longer important whether to support the Ethereum fork, we will let the miner community decide. However, we admit that the era of ETH PoW is over and will become history.

In addition, the person in charge of f2pool stated that it will provide mining pool services for ETH PoW.

BitMEX

On August 8, BitMEX announced that it will launch the ETHPOW futures contract ETHPOWZ22 on August 9, with USDT (ERC-20) as margin and a maximum leverage of 2 times. It is reported that the ETHPOWZ22 futures contract has been launched on the test network.

OKX

On August 8, OKX CEO Jay Hao said on social media that OKX is actively paying attention to and will support the Ethereum merger. This network upgrade may result in an Ethereum hard fork, and OKX will evaluate the launch of the hard fork token based on demand.

Poloniex

On August 4, the TRON crypto exchange Poloniex announced that it will support the ETH 2.0 upgrade and potential forks, and will launch two potential forked futures tokens and related trading markets on August 8. Poloniex reserves the right to modify or change this announcement (such as removing related trading pairs in advance) to adapt to the latest market trends. In response, Justin Sun posted on social media that we (Justin Sun and Poloniex trading platform) currently hold more than 1 million ETH. If Ethereum successfully forks this time, we will donate some ETHW to the ETHW (Ethereum PoW fork chain) community and developers to help them build the Ethereum ecosystem.

Oppose ETH fork (oppose POW fork project)

ETC Cooperative

On August 9, ETC Cooperative stated in an open letter that the Ethereum POW fork would not succeed and would even be a very difficult thing. The new PoW chain is meaningless to existing ETH users. Large projects are likely to explicitly choose to shut down their smart contracts on the new PoW chain - to avoid confusion and losses for users. ETH miners should move to ETC.

Deribit

On August 9, crypto derivatives trading platform Deribit released an announcement on Ethereum's merged hard fork policy, stating that Deribit settlement of all instruments will be carried out on the chain supported by the ETH Foundation (i.e. PoS or ETH2). If the value of the forked token is greater than 0.25% of ETH PoS and the new chain is stable and operating normally, Deribit will provide these forked tokens to users. However, if there are new tokens, the new tokens will not be considered as margin.

DeBank

On August 9, the one-stop DeFi wallet DeBank officially stated that hard forks would bring huge disasters to the entire Web3 ecosystem. Therefore, during the transition period of Ethereum's PoS merger, DeBank and all its products will not support any services of any potential forked chains, including the Web3 user platform DeBankDeFi, the non-custodial wallet Rabby, and the Web3 developer service DeBank Open API.

Argent

On August 8, smart contract wallet Argent officially stated that it had recently received some questions about potential PoW forks after the merger. Argent is very excited about the Ethereum merger, especially because it saves 99% of energy consumption. Argent stated that it has no plans to support any forks.

Chainlink

On August 8, the oracle protocol Chainlink posted on its official website that during and after the Ethereum merger, the Chainlink protocol and its services will continue to run on Ethereum and will not support forks of the Ethereum network, including PoW forks, which is consistent with the decision of the Ethereum community. For Ethereum developers and DApp teams who are still uncertain about the migration strategy around the merger event, it is recommended to suspend smart contract operations to avoid unforeseen events and help protect users.

Tether

On July 31, Tether CTO Paolo Ardoino discussed on social platforms whether USDT would support the POW Ethereum fork chain after the Ethereum merger and said, "We plan to support ETH2, and support for the merged Ethereum 2.0 will be seamless. This has nothing to do with our preference for POW or POS. Stablecoin should act responsibly and avoid interfering with users."

In addition to the above project parties, many KOLs also expressed their attitudes towards Ethereum forks:

Hasu, Head of Strategy at Flashbots

On August 7, Hasu, the strategic director of Flashbots, said in response to the ETH PoW fork that many people, including him, have predicted for years that miners will fork Ethereum to squeeze the last profit from their investment. A large amount of computing power does not bring any significant value to this chain. The chance of redemption of mainstream Stablecoin on the forked chain is zero. "If there is any problem with the merger, it will only be delayed until the problem is resolved and then merged a few weeks later. Except for miners, no one in the Ethereum community is willing to continue using proof of work (PoW). The forked chain will be a huge trap for retail investors. Miners, trading platforms, and traders are trying to defend their own selfish interests, but no one is willing to use or build ETH PoW."

CEO, DCG

On August 8, DCG CEO Barry Silbert said in a discussion on the Ethereum fork on his social networking site, "We fully support Ethereum PoS and do not support any Ethereum PoW. ETH miners should turn to ETC to maximize long-term revenue."