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July 31, 2022

Survey on whether the merge will split Ethereum’s chain

There are 50 days till the week of September 19, and the cryptocurrency world has been debating whether or not Ethereum developers would postpone The Merge. In addition, on July 27, the crypto hedge firm Galois Capital issued a poll on Twitter indicating that more than 33 percent of respondents believe Ethereum might split again.

Following the announcement of the so-called penciled-in date for The Merge, the value of Ethereum (ETH) and Ethereum Classic (ETC) soared against the U.S. dollar.

The Ethereum developer and community director for the Beacon chain, Superphiz, indicated that the “timetable is not definitive,” but according to the planned timeline he published, The Merge might be completed during the week of September 19. The Merge will essentially consummate the shift from a proof-of-work (PoW) chain to a proof-of-stake (PoS) consensus architecture.

After experiencing a bear market decline before the announcement, the price of Ethereum rose significantly almost immediately after the news broke. In the last 30 days, ETH has appreciated by 62.4% versus the dollar.

As the day approaches, there is far less exciting, and some are wondering whether Ethereum devs would postpone The Merge split. This weekend, The Merge’s postponement has been a popular topic of discussion on social media. One writer stated:

In addition to the many Twitter threads discussing The Merge’s postponement, the crypto hedge firm Galois Capital has distributed a poll asking if people believe Ethereum will break into two chains after The Merge’s implementation. 53.7 percent of study respondents believe The Merge will go smoothly, while 33.1% believe the network might split. If it would split, there would be a PoW and PoS token, even if ETH already has a PoW version.

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The Ethereum Classic (ETC) network was launched after the 2016 split to repair the DAO compromise, and 51.8% of respondents to the Galois Capital study believe ETH miners will move to ETC.