The merge of Ethereum is expected to happen somewhere in mid-September and it is one of the long-awaited upgrades in the Ethereum ecosystem. This is the way Ethereum will shift from Proof-Of-Work (PoW) to Proof-Of-Stake (PoS). In this process, there are two groups, some welcoming the merger and some denying it and even talking about forking the Ethereum network. In this article, we will look into some of the opinions going around in the crypto communities.

What Is It All About?

Currently, the Ethereum main net uses the Proof-Of-Work in order to secure the network, which needs a huge amount of energy, hardware, and computational power. Miners are the one who takes all the responsibility to keep the network secure and working, and for that, they get rewarded. But after the merge, that PoW will be permanently replaced by the PoS, in which the Ethereum network will be secured by the staked ETH and stakers will be rewarded for securing the network instead of miners.

The merge puts Ethereum miners in a vulnerable position, as after the merge the infrastructure is built by miners, and their equipment will be useless in order to mine Ethereum. So it is obvious that there will be a conflict of interest between the two parties, which results in two groups, one supporting the merger and the other opposing it.

Vitalik Buterin On Ethereum Merge

Vitalik Buterin, the co-founder of Ethereum recently spoke about the merger at Ethereum Community Conference that the merger is not 'price in'. And that comment was not just from a market perspective but from a psychological manner as well. In simple terms, we can say that the Ethereum community is not on the same page regarding this upcoming merge.

You can check out the entire discussion with Vitalik Buterin in the following video:

The Opposition

As we have discussed that the current miners of the Ethereum network will be completely thrown out of the picture after the adoption of PoS. And because of that, the miners' community is opposing this merge and some large miners like Chandler Guo are talking about the fork of Ethereum. They are suggesting that there will be an Ethereum on PoW as well as the Ethereum on PoS namely ETHPOW vs ETHPOS. Chandler Guo looks very active in spreading this idea through his tweets:

Tweet From Chandler Guo

While the war is going on the Twitter, there are tweets from the people in support of PoS and are completely opposing the concept of the Ethereum fork:

As the miners' community of Ethereum is very strong so we can expect a clash between these two entities and can also expect another fork in the Ethereum ecosystem. This surely will be harmful to the overall crypto space but it is what reality is right now.

Conclusion

Irrespective of the technological and economic things, one this we can clearly see is that Ethereum, as well as the entire crypto community, is divided into groups which is not a good thing in any scenario. And right now the supporters of the merge are looking strong and the expected merge is imminent to happen in the third week of September. And initially, we will see some opposition from the various communities but as time passes things will get normal. And regarding the market conditions, the market will be highly volatile in that period and on-chain activities might get affected due to some technicalities.

Read more about merge: The Merge | ethereum.org

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