Crypto expert JackNiewold indicated three groups of risks associated with Ethereum's Merge $ETH ETH
, there are three groups of risks associated with the Merge activation in September 2022, i.e., technological risks, logistical risks and forking risks.Ethereum's merge is coming, and with it comes the risk of a blockchain fork that could split the network in two.
So, what are the odds of a viable Ethereum fork? How could it happen? And what does it mean for crypto investors?Tech risks are mostly about the unexpected technical consequences of the PoS-to-PoW migration. Namely, the entire network might halt so that engineers would be required to restart Ethereum . Mr. Niewold highlights that it wouldn't be"the end of the world."
"Logistical" risks include the possibility of the Ethereum Merge being postponed yet again. Like every major upgrade in Web3, the Merge has had its date adjusted several times.At the same time, the risks associated with possible forking look the most dangerous for network participants. This would result in two parallel chains. The first one will run on PoS consensus while the second one will remain active on proof of work.
Mr. Niewold opines that such an ending is"logistically unlikely" as the PoW version of Ethereum will lack media coverage, developer activity and fiat gateways.As such, big names will not be interested in building on"outdated" proof-of-work Ethereum, so the community shouldn't overestimate"forking risks."
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