Ethereum co-founder Vitalik Buterin said the blockchain’s software transition is unlikely to be significantly impacted even if miners continue to mint the tokens on its early offshoot, the Ethereum Classic chain.
Ethereum Classic, which still uses the proof-of-work mechanism that relies on massive electricity, may be one of the biggest beneficiaries of the Ethereum’s migration that’s expected to cut off earnings for as many as one million people. Miners who are looking for a platform for their costly mining equipment may turn to Ethereum Classic.