Vitalik Buterin called Ethereum Classic the best blockchain for Proof-of-Work lovers

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Speaking at the EthCC conference, the Ethereum co-founder called Ethereum Classic a great network for miners and other fans of the Proof-of-Work algorithm to migrate.

In his speech, Vitalik Buterin asked if there were people in the audience who would like to cancel the transfer of the Ethereum network to the Proof-of-Stake algorithm.Then he joked that he saw a man who wanted to raise his hand, but changed his mind amid the silence of others.

"A lot of people have been wanting to see a transition to Proof-of-Stake for a long time, but there are other great networks, including Ethereum Classic.This is the original Ethereum, and the developers have not betrayed its original vision.Classic has a great community and will certainly be happy to see Proof-of-Work fans.I'm not kidding at all, it's a great network," the co-founder of Ethereum summed up.

Recall that the ETC fork from the original Ethereum took place in July 2016.With each upgrade of the Ethereum network, Ethereum Classic has distanced itself from the original blockchain.Given that after Ethereum's transition to PoS, ETH mining will becomeis not available, it is possible that a significant part of miners will switch to Ethereum Classic.And Buterin will officially welcome this.

At the same time, according to the creator of Ethereum, the network of the second largest cryptocurrency by market capitalization will be able toprocess up to 100,000 transactions per second after the transition to PoS and other improvements.

Earlier, Bits.Media published a large-scale material about whether it is worth mining ETH now and how to do it profitably.