One of the most influential cryptocurrency projects is set to finally ditch proof-of-work mining.
A more pragmatic reason to celebrate the shift is simply the reduction in energy consumption.
Justin Sun, the founder of proof-of-stake blockchain Tron and the owner of crypto exchange Poloniex, has announced that he will list a hypothetical proof-of-work ether token on his exchange post-Merge. “I am very excited about the Merge,” Sun says. “[But] nearly 50 percent of members from the community think proof-of-work is safer and even more decentralized than proof-of-stake. Therefore, I think proof-of-work is still essential to build the Ethereum infrastructure, as well as the community.
Drake says that while forks are reasonable and by definition allowed in a decentralized blockchain industry, he does not think they have “much legitimacy.”
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