{"id":576742,"date":"2022-09-08T12:22:35","date_gmt":"2022-09-08T11:22:35","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=576742"},"modified":"2022-09-08T12:22:51","modified_gmt":"2022-09-08T11:22:51","slug":"uniswap-ethereum-pos-upgrade","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/uniswap-ethereum-pos-upgrade\/","title":{"rendered":"Uniswap Dex Fully Backs Ethereum PoS Upgrade, No Support For ETHPOW Forks"},"content":{"rendered":"\n<p>Summary:<\/p>\n\n\n\n<ul><li>Decentralized exchange Uniswap declared full support for the Merge.<\/li><li>The dex does not have plans to support any Ethereum proof-of-work hard forks at press time.<\/li><li>Uniswap&#8217;s decision was revealed on Wednesday, a day after the Bellatrix update went live.<\/li><li>The platform expects smooth operations during the Merge transition.<\/li><li>Ethereum&#8217;s proof-of-stake switch is expected to arrive between September 13 and September 15 per reports.\u00a0<\/li><\/ul>\n\n\n\n<p>Crypto&#8217;s biggest decentralized exchange Uniswap <a href=\"https:\/\/uniswap.org\/blog\/what-to-know-pre-merge\" rel=\"nofollow noopener\">announced<\/a> full support for Ethereum\u2019s transition to proof-of-stake amid rising anticipation for the watershed event.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The Merge is coming, but Uniswap users don&#39;t need to do anything. We support the upgrade &amp; have no plans to back forks in our web app.<br><br>For those building, read our blog on keeping web3 safe post-merge when dealing with replayable permits &amp; TWAP oracles. <a href=\"https:\/\/t.co\/MA7l8j0rnv\" rel=\"nofollow\">https:\/\/t.co\/MA7l8j0rnv<\/a><\/p>&mdash; Uniswap Labs \ud83e\udd84 (@Uniswap) <a href=\"https:\/\/twitter.com\/Uniswap\/status\/1567567465290559491?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 7, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The Merge as it is known within the crypto community marks the culmination of six years worth of building and strategizing by Ethereum developers. Some crypto proponents have likened the pivotal moment in ETH\u2019s network history to Bitcoin\u2019s quadrennial halving, an event that happens once every four years.<\/p>\n\n\n\n<p>Regarding the Merge, Uniswap Labs stressed their web platform would only support Ethereum\u2019s proof-of-stake. The announcement revealed that the dex does not plan to back any proof-of-work hard forks at press time.&nbsp;<\/p>\n\n\n\n<p>\u201cUniswap Labs supports The Merge and does not have plans to support any forks in our web app. The move from proof of work (PoW) to proof of stake (PoS) serves as an important stepping stone to scaling the Ethereum ecosystem and to reducing its environmental footprint immediately.\u201d<\/p>\n\n\n\n<h2>Uniswap Declares Support For ETH PoS Days Before The Merge<\/h2>\n\n\n\n<p>Indeed, It has become the norm for protocols to make this distinction in the days and weeks leading to the Merge. As previously reported by EthereumWorldNews, a prominent China-based ETH miner known as Chandler Guo revealed plans to fork Ethereum\u2019s PoW chain during the PoS transition.&nbsp;<\/p>\n\n\n\n<p>The move seems like a play to maintain an ecosystem where miners remain the centerpiece of an ETH chain. Notably, the proposal has received mixed support from individuals and crypto protocols alike.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Justin Sun Pledges 1 Million ETH To Hard Fork As Ethereum Miners Generate $11 Billion In 2022 <a href=\"https:\/\/t.co\/5A5tTXWdTl\" rel=\"nofollow\">https:\/\/t.co\/5A5tTXWdTl<\/a><\/p>&mdash; Ethereum World News &#8211; EWN (@EtherWorldNews) <a href=\"https:\/\/twitter.com\/EtherWorldNews\/status\/1555166428717776896?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 4, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Tron founder Justin Sun <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-miners-bitcoin-mining-the-merge\/\">pledged<\/a> 1 million ETH if the plans prove successful. Crypto exchanges like Deribit and OKX also hinted at possible support for forked tokens. In contrast, stakeholders like Uniswap, <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-hard-forks-support-chainlink\/\">Chainlink<\/a>, and <a href=\"https:\/\/en.ethereumworldnews.com\/circle-ethereums-pos-merge-chain-only\/\">USDC<\/a> have all declared support for the Merge with zero room for ETHPoW coins.<\/p>\n\n\n\n<p>At press time, the Merge is scheduled for sometime between September 13-15 citing remarks for Ethereum founder Vitalik Buterin. On Tuesday, September 6, the Bellatrix upgrade was <a href=\"https:\/\/en.ethereumworldnews.com\/bellatrix-goes-live\/\">deployed<\/a>.\u00a0<\/p>\n\n\n\n<p>The successful deployment marked the first of two stages required for a full transition. An update dubbed Paris is expected next to complete Ethereum&#8217;s <a href=\"https:\/\/www.forbes.com\/uk\/advisor\/investing\/cryptocurrency\/understanding-ethereum-merge\/\" rel=\"noopener\">switch<\/a> to PoS.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Bellatrix, First of Two <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ethereum<\/a> Upgrades in Final Phase of The Merge, Goes Live <a href=\"https:\/\/t.co\/3cKf3Gm5zX\" rel=\"nofollow\">https:\/\/t.co\/3cKf3Gm5zX<\/a><\/p>&mdash; Ethereum World News &#8211; EWN (@EtherWorldNews) <a href=\"https:\/\/twitter.com\/EtherWorldNews\/status\/1567117619173416961?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 6, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"638\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-1024x638.png\" alt=\"\" class=\"wp-image-574545\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-1024x638.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-300x187.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-770x480.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-1536x957.png 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-269x168.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-746x465.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline-1376x858.png 1376w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Ethereum-Merge-Timeline.png 1954w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption>Ethereum Merge Timeline<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Uniswap is all in on Ethereum&#8217;s proof-of-stake upgrade as the merge draws closer.<\/p>\n","protected":false},"author":55,"featured_media":576747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823,2,26],"tags":[1322,108388,108680,7575],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/576742"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=576742"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/576742\/revisions"}],"predecessor-version":[{"id":576748,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/576742\/revisions\/576748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/576747"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=576742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=576742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=576742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}