3 ms·
Rebellion is not as simple as it looks like. I'm saying that as a person who played a big role in Ethereum Classic "rebellion". As many mentioned here, you nee
by splix 5y ago
Rebellion is not as simple as it looks like. I'm saying that as a person who played a big role in Ethereum Classic "rebellion".
As many mentioned here, you need to disable the Difficulty Bomb. But it is not the bigger problem actually, maybe it's even the simplest one.
What you also need:
- Organized community. I.e., some places to communicate. That's not easy. And be aware of ETH-maximalists that will come to trash it.
- Wallet that works out of the box. Not that Metamask, which is the most popular wallet in ETH, will never agree to support fork like it never agreed to support ETC.
- Block Explorer. People need to see their balance, check transaction status, exchanges need to point to that explorer as proof, etc.
- Miners would risk losing all their money if the chain eventually fails. Most miners are not so invested.
- Replay Protections to separate balances in forks. That's not easy. I mean, we have EIP-155, which was proposed by Ethereum Foundation, but it ensures that EIP-155 kind of replay protection would hurt forks because all of the software would need to be fixed for it. I.e., it's not a solution "out of the box", not user friendly.
- Exchanges. Maybe not so hard now. But without proper Replay Protection in place, some exchanges would lose their funds and would actively fight new forks to avoid liability.
- Public API endpoint. Like Infura. Because nobody runs its own node.