By Hassan Mehmood (Saudi Arabia)
Ethereum’s co-founder Vitalik Buterin says that the merger of Ethereum Classics (ETC) into the Ethereum 2.0 shard is technically possible.
According to him, the reunion of Ethereum (ETH) and Ethereum Classics (ETC) under the Ethereum 2.0 beacon chain is not technically a difficult case. Vitalik has publicly claimed that Ethereum Classics can be merged into the ETH2. He said that for this reunion, the same merger process can be used that is planned for Ethereum. He stated:
You can just use the same merger process to import the Ethereum Classic state that is planned for ETH. Then, the ETC execution environment code would enforce a different exchange rate vs beacon chain eth, based on the rate at the time of the merger (or some other pre-agreed formula). This is if you want to re-merge the currencies.
ETC holder may like this merger
Soon Ethereum is going to transition its current Proof-of-Work (PoW) chain to Proof-of-Stake (PoS). Vitalik Buterin says that if this merger happens, then ETC holders might like this merger.
Also read:The reason is that after this ETH transitioning, ETC holders will get ETH on the Proof-of-Stake (PoS) chain instead of the PoW chain. For instance, they would get 0.1 ETH, if the price value of ETC is $1 while the price of ETH is $10. Therefore, Ethereum Holders are likely to like this merger.
Whether communities want it or not?
Although, Ethereum’s co-founder Vitalik Buterin has pointed out the possibility of this merger whether the communities want this merger or not that is another question.
Ethereum Classics was created in 2016 by the Coindesk owner and Blockstream backer, Barry Silbert. Since the year 2016, the future of ETC is not very much clear. But Ethereum Classics is now positioning itself as the most conservative option for those who are not satisfied with Ethereum.
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