Chainlink ditched Ethereum PoW splits after The Merge.

Chainlink ditched Ethereum PoW splits after The Merge.

Chainlink will continue to run on Ethereum after the Merge to proof-of-stake.

Chainlink's viewpoint aligns with the Ethereum Foundation and its community. After the Merge, Chainlink won't support forked Ethereum blockchains. This includes PoW forks.

Following the Merge, Chainlink has announced that its services would continue to run on the Ethereum network. The Merge is set for September 2022, according to Ethereum's blockchain.

This update will replace Ethereum's proof-of-work with proof-of-stake (PoS).

Merge has been delayed from 2021 to 2022. Phase 1 will migrate the ecosystem's transaction history and smart contracts to the PoS network if all goes according to plan.

This update will affect 1.45 million smart contracts running on Ethereum at the start of Q1 2022. Chainlink provides hybrid smart contract services.

In its most recent statement, Chainlink urged its users make smart contract preparations to avoid difficulties during or after PoS implementation.

How will proof-of-work effect Ethereum's ecosystem?

Ethereum Merge is a turning milestone in cryptocurrency history. The move away from proof-of-work (PoW) consensus models and toward proof-of-stake (PoS) models is being discussed as a strategy to achieve sustainability, scalability, and decentralization.

Once Ethereum begins using PoS, its energy consumption will plummet by 99.5%, according to its website. Ethereum's energy consumption has been likened to that of the Netherlands, according to its website.

Skeptics say PoS is less secure and more prone to security breaches.

Cardano, Avalanche, Polkadot, and Solana all use proof-of-stake blockchains.

Ether, the ecosystem's native asset, is gaining up to 50% against Bitcoin (BTC) as The Merge approaches.