Five days ago, influential Chinese crypto-miner Chandler Guo, as the community prepares for the network’s transition to proof-of-stake (PoS) next month, said that Ethereum He explained that a proof-of-work (PoW) version will be available “soon”. As always, the idea of a forked token gets people excited and some individuals upset. Even though the token has not yet been created, there is now a website, ethereumpow.org, that summarizes the coin’s goals.
Merge upgrades could create an Ethereum PoW fork, and Poloniex to list two “potentially forked” Ethereum token markets
IfEthereum (ETH)migrates to a full PoS blockchain next month, it is very likely that the PoW version will fork from its current version. The mergeis penned with a date that could take place the week of September 19, or 44 days from now.Guo is a well-known crypto-miner, and he played a specific 2016 creation of blockchain network Ethereum Classic (ETC) He played a role; on August 1, Bitcoin.com News reported that Guo tweeted about a PoW version of Ethereum “coming soon” and how he said “” is ETH. PoW is DAO.”
Now there is a new website promoting a yet-to-be-born PoW version of Ethereum calledethereumpow.orgThere is a new website promoting a yet-to-be-born PoW version of Ethereum called ethereumpow.org, and this web portal claims that a white paper is coming soon. The website’s “Community [and] Contributors” section states that “It takes a village to raise our Ethereum PoW. Numerous communities, exchanges, miners, and individuals worked together to make ETHW possible.” Domain statistics from Whois recordsshow that the web portal was registered on July 31, 2022; the names and identities of ETHW’s website owners have been “redacted for privacy,” the Internet records listing site said.
BREAKING: Poloniex becomes FIRST exchange to support EthereumPoW (ETHW). Poloniex Justin Santon
1/n pic.twitter.com/h6M9Pxv5lZ– ETHPoW (@EthereumPoW) is August 3, 2022
Poloniex, a cryptocurrency exchange backed by Justin Sun of Tron, has announcedthat its trading platform will list ETHWAfter Poloniex tweeted about the ETHW listing, Sun retweeted the announcement to his 3.3 million Twitter followers.” Ethereum merge expected September 2022,” the exchangewrote. “Poloniex is the first exchange in the world to listETHand is currently the first exchange to support a potential fork ofETHand is the first exchange to support a fork of ETHwith two forkedETH tokens listed; ETHS & ETHW”
Poloniex took the lead during
ETCcreation
Poloniex was also the firstexchange to listEthereum Classic (ETCIn a now-deletedtweet, Stephan Tual, one of the members of the Slock.it development team, said of Poloniex, “leading the charge.” At the time, Poloniex’s “troll box” was booming, with trading volume of roughly $11.89 millionon the exchange; on July 24, 2016, ETCtrading volume; despite experiencing a number of 51% attack slumps, ETCis now the 19th largest in terms of market valuation large crypto asset and is still around today. In a Bloomberg interview, Chandler Guo discusses the advantages of ETHWscompared toETC;
ETH block volume 1,920,001,Ethereum Classicbenefited from a pencil-in-margin date, rising 51.2% in the past two weeks, andETChas jumped 148.5% higher in the past 30 days. ETCalso showed aslight hash rate increase, whileETCalso rose within the last week. hash rate increases for ETChave tapered off. Months before the most recent hashrate spike, the maintainer ofETCsuppressed thehashrate increase; the maintainer of ETCwrote that the community welcomedwrites that they welcome Ethash miners into the Ethereum Classic ecosystem.
fwiw, our full support is behind ETH. PoS in addition toETCand we are not going to support anyETH, we are not going to support ETH, we are not going to support ETH , we are not going to support ETH, and we are not going to support ETH. PoW Fork. ETHminers need to move toETCto maximize their income in the long run. simple as that
.
– Barry Silbert (@BarrySilbert) August 6, 2022
Bitmex Survey. Chain likely extends beyond merge point, but whether this chain has economic significance is unknown”
Additionally, on August 1, Bitmex Research published a blog posttitled “ETHPoW vs ETH2”that examines a hypothetical debate about two potential Ethereum networks
.Written by Bitmex Research, this blog post concludes by arguing that “the ETHPoW chain has many technical challenges and its long-term viability is questionable, but its existence may provide exciting opportunities for traders and speculators in the short to medium term.”
In addition to Poloniex, Huobi Global plans to listpotential forks created when The Merge takes place. Huobi said that if the forked assets meet certain requirements, distribution It will be interesting to see how traders and speculators value the ETHW token when Poloniex releases the “potentially forked” token market next week. There is a good chance that the futures market will maskthe recent rally in ETC
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