E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings
You are at:Home»Crypto»Chainlink Will Not Support Ethereum Forks After the Merge Chainlink Says It Won’t Provide Support for Forked Version of Ethereum    
Crypto

Chainlink Will Not Support Ethereum Forks After the Merge Chainlink Says It Won’t Provide Support for Forked Version of Ethereum    

By August 8, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

Chainlink said it will not provide support for forked versions of the Ethereum blockchain after the much-anticipated shift from Proof of Work (PoW) to Proof of Stake (PoS), also known as the Merge. However, the Chainlink protocol and services will remain available during and after the Merge.

“Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol. This is aligned with both the Ethereum Foundation’s and broader Ethereum community’s decision, achieved via social consensus, to upgrade the Ethereum blockchain to PoS consensus,” Chainlink said in a notification on its website.

Advises Safety Measures

The blog post advised the developers and dApp teams on the Ethereum network, who are not sure about their move with respect to the Merge, to put their smart contract operations on hold to “avoid unforeseen incidents and help protect end users.”

The blockchain oracle service provider, however, assured the users on the Ethereum network that it’s doubling down on its quality assurance process to meet the challenges of the upcoming network upgrade.

“dApps operating on forked versions of Ethereum, including PoW forks, might behave in unexpected ways due to both protocol and application-level issues, introducing increased risk for users,” it said.

Speculation of Hard Fork

Chainlink is a leading smart contract infrastructure provider on the Ethereum network with significant footprints in Defi, Enterprise, and NFT & Gaming arenas. Ahead of the Merge, speculation is rife that the network will split into ETHPOW and ETH2.0 or ETHS.

Blockchain security experts point to the possibility of ETH holders getting the airdrop, and scammers might take advantage of the fluid situation surrounding Ethereum’s transition. Chainlink’s clarification, therefore, that it will not support any forked version of Ethereum in the event of a split of the network makes things clear for developers and dApps on its network.

Chainlink Driving Adoption

A Bank of America analysis in February said that Chainlink, with over $60 billion of total locked value in smart contracts, will drive mainstream blockchain adoption across industries, including gaming, gambling, and insurance.

In June, Chainlink announced that its live price feed will be available on Solana, initially for BTC, ETH, and USDC, and will later be expanded to cover other coins. The very next month, Bybit announced the integration of Chainlink’s live price feeds for 35 coins to enhance price accuracy for its spot trading services.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

[ad_2]

Source link

Related Posts

Report With an Eye on Mutual Settlements with China, Russia To Launch CBDC Early Next Year: Report

By September 28, 2022

China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)

By September 28, 2022

Binance Launches Training Program For Law Enforcement Agencies

By September 28, 2022

FTX US President Brett Harrison Steps Down

By September 27, 2022
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.