February 26th, sparkore pool openly opposed to the upgrade of ETHeip-1559 (it is predicted that the income of miners will be reduced by about 30% if it is activated in July), while f2pool publicly supports it. The two sides are tit for tat, causing widespread concern.Miners have no vote over the developer's decision and can only use it Bifurcation or 51% of the attacks were opposed, which caused some concerns about the bifurcation of ETH. Here I would like to express some personal views.
- Will the dispute over eip-1559 lead to ETH bifurcation in the future?
If the current situation of ultra-high gas fees can not be alleviated, eip-1559 is imperative, and there will be no new bifurcation chain.The reasons are as follows.
First of all, the real talkers of ETH community have always been the core development group and ecological developers, not miners.If the core development group wants to implement it, miners can not stop it.And the current high handling fees of miners also come from the active and successful development community of defi.
When many people hear about the differences in ETH community, they will first think of the Dao bifurcation event in the early years of ETH.It is true that ETH was not mature at that time, but the follow-up development of etc has made people see who is the indispensable soul of ETH, so now few people dare to mention the bifurcation of ETH.
In recent years, there has been a community dispute event very similar to eip-1559: eip-1057: progpow algorithm change (strengthen GPU capability against ASIC).
In 2019, ETH community once held 2-3 community votes for progpow, one of which was a special miner's vote. As a result, more than 90% of voters supported progpow, and almost all mines supported progpow. For this purpose, ETH community also raised 50000 Dai to audit progpow code, and even prepared to join progpow in the Berlin fork.
Results at the beginning of 2020, the defi community suddenly jumped out of opposition to the change algorithm, and eip-1057 was aborted, and no bifurcation was proposed by the miners.In the current eip-1559, the core development group and the defi community supported eip-1559. However, some members of the coal mining group "lost their tickets", and their strength was not even as strong as the last progpow, which probably could not prevent the eip-1559 from passing.
Secondly, even if some of the miners force a fork, it is a very stupid bifurcation.The purpose of the forking was to prevent eip-1559 from continuing to maintain high fees.However, the service charge comes from the defi ecology, and the newly branched chain obviously can not keep defi. Where does the service charge reward come from?What's more, there are already existing ETH classic etc which can only be mined and has no ecology. If you don't like eip-1559, you can dig etc.
What's the significance of forcibly forking ETH again?(but there is a greater possibility of bifurcation after POS is fully implemented)
- The spark mine pool has accounted for 33% of the total ETH network computing power. If we add 18% of the Allied forces, will the pressure succeed?
No.The economic incentive mechanism of blockchain determines that the chain with high computing power will always be the chain with higher value.Once bifurcated, there is no doubt that the ETH where V God is located will be the high-value chain, that is to say, most of the computing power will continue to dig ETH instead of the new chain.Spark is just a mine pool. It has no right to decide which chain to dig instead of miners.If spark insists on only supporting new chain mining, the computing power will be transferred to other mines that support eip-1559, and the so-called 33% computing power of the whole network will no longer exist.
- After bifurcating, the income of handling charges from implementing eip-1559 and not implementing eip-1559 may be the same, so miners have a good reason to split.Moreover, there is a core view that the machine gun pool after bifurcation will lead to the risk of computing power fluctuation of ETH.
Regardless of the block reward, it is possible that the two commission income will be the same.However, the block reward is not a negligible factor, and the price of ETH and new chain is bound to be greatly different (refer to BCH / bcha and ETH / etc), so the mining income of the two will not be equal, and the forking motivation of miners will not be high.
Even if there is a bifurcation, the impact of the split machine gun pool on ETH computing power will be very limited. The machine gun pool mechanism of BTC / BCH / BSV has been implemented for many years, and it has never been heard that the BTC chain with the highest computing power has been troubled by the machine gun pool.