Divided Views of Experts on Ethereum’s Successful Hard Fork
The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly.
the Ethereum network successfully completed a hard fork as a result of an irregular state change that transferred nearly 12 million ether from the DAO into the WithdrawDAO recovery contract.
The Ethereum network’s hard fork, which many believed was an operation of risk, was carried out smoothly. “The fork itself took place smoothly, with roughly 85% of miners mining on the fork,” explained Ethereum co-founder Ethereum.
The successful completion of the Ethereum hard fork also led to a surge in the price of ether, as the digital asset spiked by around 6% in 24 hours.
Experts in the Bitcoin industry observed the successful hard fork execution of the Ethereum network and commented with optimism regarding the feasibility and practicality of hard forks.
However, some Bitcoin entrepreneurs and core developers including Greg Maxwell believes that the Ethereum hard fork is a bad idea which will present a negative notion and harm the reputation of cryptocurrency.
Maxwell further emphasized that he urged Ethereum co-founder Vitalik Buterin not to intervene with the issues involving DAO, because its hurts the concept of decentralization of a so-called decentralized platform such as Ethereum.
“When the DAO caught fire and I saw forwards of chatlogs with exchanges talking about hardforking to ‘fix’ it, I was shocked and sent Vitalik email urging them to not do so.
source: newsbtc