Does Ethereum's new ETHPoW fork stand a chance? ETHW price falls 65% post-Merge
Nonetheless, ETHPoW is gaining adoption among top mining pools and crypto exchanges. ETHPoW, a separatist Proof-of-Work (PoW) blockchain forked from Ethereum's Merge, went live on Sep. 15. However, the chain suffered technical issues after the launch, which put downward pressure on its ETHW token. ETHW price down 65% amid "ChainID" fiascoThe price of ETHW has dropped by 65% since ETHPoW's launch to around $14 on Sep. 16, according to CoinMarketCap. At its lowest, the token was changing hands for $9.50.ETHW price performance in the past seven days. Source: CoinMarketCapThe losses coincided....
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PoW Ethereum or ETHW is a forked version of the Ethereum blockchain created by a Chinese miner after the Merge of the execution and consensus layers. Ethereum blockchain shifted from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism on Sept. 15, 2022. Along with this move, ETHPoW, a distinct PoW blockchain (basically the old pre-Merge Ethereum) forked from Ethereum's Merge, became live. This forked version of Ethereum aims to maintain the proof-of-work mining process for ETH miners.Any miner is permitted to add a block to the PoW network with the clear stipulation that....
A recent report has narrowed ETHPOW's downside target to $18 if the token ever comes to life post-Merge. The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success. ETHPOW drops 80% On the daily chart, ETHW's price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut.ETHW/USD daily price chart. Source: TradingViewFor starters, ETHPOW only exists as a futures ticker, for now, conceived in anticipation that an upcoming network update on Ethereum could result in a chain split.Ethereum will....
A non-difficulty bomb ETHW chain could grab 2%–10% of Ethereum's market capitalization, crypto hedge fund manager says. An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30. ETHW and ETHS begin trading ETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to a proof-of-stake (PoS) consensus in September's "Merge" event.Meanwhile, the proof-of-stake version ETHS is trading at around $1,600 or the difference....
ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond The Merge. The long awaited Ethereum Merge is just around the corner, but not everyone is excited about the major upgrade. A group calling themselves ETHW Core have voiced its opposition to the change and are set to conduct a hard fork within 24 hours after the Merge. Under the project name, ETHPoW and with the token ETHW, ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond the Merge. “ETHW mainnet will happen....
The Ethereum hard fork token (ETHW) has been popular after playing off the popularity of the Ethereum Merge. The fork was carried out in a bid to keep Ethereum in its original proof of work mechanism, and the ETHW token resulted from it. Chandler Guo is now known as the self-appointed organizer of the hard […]