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The founder of Tron responds to the founder of Ethereum regarding the trading of cryptocurrencies “ETHW” and “ETHS”

The founder of Tron responds to the founder of Ethereum regarding the trading of cryptocurrencies “ETHW” and “ETHS”

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Answer The founder of Tron responds to the founder of Ethereum regarding the trading of cryptocurrencies “ETHW” and “ETHS”

With the upcoming upgrade of the crypto community about Ethereum shifting from a mining-based consensus mechanism to a quota mechanism, talks about the future of Ethereum intensify.

Many exchanges have listed ETHW or ETHS cryptocurrencies.

ETHW stands for PoW-powered Ethereum.

And ETHS stands for Ethereum PoS.

Recently, in a scathing statement, Vitalik Buterin, the founder of Ethereum, told that those who want to keep Ethereum to work in mining PoW are the owners of trading platforms looking to make money quickly, including “Justin Sun”, the founder of Tron.

“Sun” responded on Twitter, objecting to Vitalik’s allegations.

Read:Portugal Tax Authority: Cryptocurrencies are tax-free

He told Sun that his crypto exchange Poloniex does not charge any fees for trading ETHW or ETHS.

He also told that supporting these currencies is only for the public good.

Fears of an Ethereum network split:

There are many worries and concerns regarding the hard fork in Ethereum.

Chandler Gu, an influential Chinese metal, has revealed its intention to support the Ethereum fork.

Justin Sun has also made a decision to support any potential split.

The Poloniex trading platform lists both ETHW and ETHS cryptocurrency.

The platform allows any Ethereum holder to exchange their digital tokens to ETHS or ETHW.

He told Sun that he appreciates the work of the Ethereum Foundation and Vitalik, but tells that the proof-of-work mechanism should exist as a consensus mechanism even after the merger.

What will the miners do after merging?

The second largest mining pool, f2pool, has revealed that the era of Proof of Work is over on Ethereum.

Read:Majority Approval of Taproot Upgrade for Bitcoin…Why Is This Upgrade Important for the Bitcoin Network?

They revealed that the decision to split will be left to the miners.

However, the complex expressed its readiness to move to the mechanism of proof of shares.

Chainlink has revealed that it intends to support the proof-of-stake layer of Ethereum only, meaning that it opposes any potential fork.

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