Tron founder Justin Sun argues that Proof-of-Work It is an “essential” component of Ethereum, just as the Ethereum community is ready to transition to it. proof-of-stake different Puts billions of dollars at risk.
Crypto entrepreneurs continue to support Ethereum’s Merge, an event that will see Ethereum reborn as a faster and cheaper blockchain if things go according to plan. “EthereumPOW” If It Successfully Forked
Sun said the Stablecoin USDD algorithm will become the first stablecoin in the EthereumPOW ecosystem, he said on CoinDesk TV’s “First Mover” show, and that the exchange he owns, Poloniex, will be the first to support the master. EthereumPOW ken
Sun added, at least for his knowledge No other stablecoin issuer has backed EthereumPOW, which will be left behind after the Merge.
“We all want to be the first solution when everyone uses Ethereum proof-of-work after the Merge,” he said on CoinDesk TV.
“I think Decentralized Stablecoin like [Tron stablecoin] USDD is still important to our industry. Because as we all know that all elements of Decentralized Finance today is all decentralized … except stablecoins,” Sun said.
Sun thinks the PoW version of Ethereum could be a potential contender. Although most Ethereum applications and developers have migrated to PoS.
“Proof-of-work is actually a very good foundation for the Ethereum infrastructure,” he said, and it may be “necessary” for the “whole crypto industry” to have a smart contract-friendly blockchain alternative based on it. proof-of-work
Sun’s support doesn’t mention that the forked ETHW chain will see the same issues as the original Ethereum, such as high fees and slow transaction speeds. Which the developers say will be adjusted when the Merge takes place.
He said ETHW would not be pre-mined. Thus, all airdrop recipients will receive the “equal” amount of ETHW after the fork is split, and no developer will “generate more ETHW than anyone else.”
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