With the merge, a significant event is getting closer and closer. Meanwhile, discussions about the adoption of the impending splits are also increasing on dApps. Ethereum forks probably won’t get any support on Aave, but why is that?
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Aave remains loyal to Ethereum-Mainnet
The fact that there will be splits due to the merge, which heralds the next phase of Ethereum 2.0, is now considered secured. Industrial miners in particular do not want to let the investments in their equipment go to waste.
Recently, Chandler Guo and Bob Summerwill had discussions about ETH forks. While Guo represents the miners, Summerwill takes a leadership role in Ethereum Classic (ETC).
One of Summerwill’s theses now seems to be confirmed. He declared ETH to be “unforkable”. The reason for this is the DeFi sector, which will always remain loyal to the Ethereum mainnet and will not invest the additional work to maintain compatibility with other blockchains.
As a new proposal from the Aave company on the Aave DAO discussion platform shows, Summerwill’s statement may come true. However, the company based in London cannot make this decision on its own. Other shareholders of the DAO must agree.
The aim of the application is to support only Ethereum as an early proof of stake blockchain and to refrain from implementing all forks.
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Dapps Overwhelmed by ETH Forks
There is general agreement among the developers of the protocol that it is practically impossible to maintain Aave on an Ethereum fork that uses an alternative consensus (such as Proof of Work).
Write the staff of Aave. In the worst case, one even fears the disintegration of Aave if it is not possible to find a common denominator.
In order to ensure the continued existence of the protocol for the community, the Aave DAO should consider strongly signaling that the Aave protocol should run on the Ethereum mainnet under Proof of Stake.
Aave will certainly not be the only DApp that has to find a solution to this concern. Most of these will most likely be based on the Ethereum Foundation and will continue to support the official branch.
For new Ethereum splits, this means above all a difficult birth, because there is therefore no benefit at all. In order for this to be created, new projects must first be developed.
EthereumPoW: Miner Fork of ETH is inevitable
Interest group EthereumPoW makes it clear: The miner fork of ETH is inevitable. ETC developers criticize: Ethereum is unforkable.
Who supports EthereumPoW?
EthereumPoW, ETHW for short, is an association of proponents of Proof of work algorithms. Mining companies are mainly gathering among the supporters. Few well-known greats of the crypto scene have announced their support so far.
Probably the most popular proponent of a split is Tron founder Justin Sun. As the largest shareholder of the crypto exchange Poloniex, he could use his role to list the fork or forks of his choice directly and thus make them available to a wide audience.
The trading platform BitMEX has already announced that it will also expand its own offering with ETH forks. Even Binance, as the largest crypto exchange on Earth, considers this step conceivable on its part.
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