Vitalik Buterin: "The viability of the controversial hardcores of the Ethereum will determine the issuers of stablecoins" – Bits Media

Ethrium co -founder, Speaking at the Buidl Asia conference in South Korea, stated, that the future and vitality of the controversial hardware of the network will determine the community.

The verdict of the community will affect the solutions of issuers of centralized steablecoins, eg, Tether (USDT) и USD Coin (USDC), Vitalik Buterin is confident. He sees "no signs", that any disagreements and opposition from opponents of the merger will become a problem when the Ethereum network switches to the Proof-of-Stake consensus algorithm (PoS). 

Buterin noted, which is likely, In the coming years, the blockchain of the second largest cryptocurrency in the world by capitalization may face controversial hard forks, and this is when stablecoin issuers can have a big impact on the preferences of the community:

"I think, that this will definitely become a serious problem over time. The fact, that the decision of stablecoin issuers to, which blockchain is considered the true Ethereum, could be a decisive factor in public acceptance of future controversial hard forks.”.

Previously, the Tether team represented by Chief Technical Officer Paolo Ardoino (Paolo Ardoino) and Frax Finance founder Sam Kazemian (Sam Kazemian) stated
about its full support for Ethereum 2.0 (ETH2). Sam Kazemyan clarified, that “Frax is the fifth largest stablecoin in the world and therefore it makes sense to clearly communicate to the public the desire of FXS holders to support ETH2”.

Some participants in the crypto industry are not in the mood to make fundamental decisions. Cryptocurrency exchange Poloniex said, which will support any potential Ethereum forks based on the Proof-of-Work algorithm (PoW) after the mainnet merged with Beacon Chain, which is scheduled for September 2022 of the year:

"As the world's first exchange, supporting Ethereum and Ethereum Classic, Poloniex will provide full support for the ETH upgrade and its potential hard fork. If successful, the merger could create two parallel blockchains after the update. All Ether holders on Poloniex will receive forked assets in the ratio 1:1, when the update is complete".

A statement from the Poloniex cryptocurrency exchange was made
after that, as one of the largest players in the Chinese mining ecosystem, Chandler Go (Chandler Guo), announced plans to continue PoW mining with the transition to the new ETHPoW blockchain.