Tron (CRYPTO: TRX) founder Justin Sun has publicly backed a Proof-of-Work Ethereum (CRYPTO: ETH) fork post the Merge.
What Happened: “We all want to be the first solution when everybody uses Ethereum proof-of-work post-Merge,” said Sun to CoinDesk TV on Monday.
“Proof-of-work actually provides a very good foundation for Ethereum infrastructure,” added Sun, who believes it is “essential” for the crypto industry to have an alternative PoW smart contract platform.
The outspoken Tron founder wants his algorithmic stablecoin USDD to be the first one to capture market share in the Ethereum Proof-of-Work (PoW) ecosystem. Sun’s crypto exchange Poloniex has already indicated that it will support a PoW Ethereum by listing two tokens ETHS and ETHW corresponding to PoS ETH and PoW ETH.
See Also: Vitalik Buterin Proposes 'Low-Tech' Approach To Boost Privacy With NFT Transactions
Ethereum founder Vitalik Buterin described those pushing for an ETH PoW hard fork as people “simply trying to make a quick buck,” at the ETHSeoul press conference reported by CryptoSlate.
Sun addressed the comments on Twitter Inc (NYSE:TWTR) saying that Poloniex support for a PoW ETH was “solely for the public good” and not for profit.
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