A monkey wrench is about to be thrown into the already complicated transition that the Ethereum blockchain is slated to go through soon.
In as early as September, Ethereum is expected to undergo a major software upgrade dubbed the Merge, in which the network will shift from using the scores of computers commonly referred to as miners to more energy-efficient validators to order transactions. Not everyone is going along with the change. A growing number of factions are making plans for forks that will copy the current software and, with a few tweaks, continue to essentially run the old version of Ethereum using miners.
One effort, called EthereumPOW, is spearheaded by Hongcai “Chandler” Guo, who used to be a large Ethereum miner in China but is now semi-retired and living near San Francisco. Several Chinese companies manufacturing Ethereum mining equipment -- which will be made nearly obsolete by the Merge -- have asked him to start the forking effort, he said.
“Everybody will get...
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