Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout ...
ETHPoW's hash rate and total value locked have risen significantly during its latest bull run. ETHW has logged a significant price rebound despite its blockchain network, ETHPoW, suffering a smart contract hack in the first week after its launch.The short analysis of the attackhttps://t.co/87OVRqaYb2 https://t.co/vhRJyZVc72— BlockSec (@BlockSecTeam) September 18, 2022 Bull trap risks surround ETHW marketETHW rebounded more than 150% eight days after the attack and traded for around $10.30 on Sept. 27. Fundamentally, this suggests that traders ignored the hack and trusted ETHPoW's....
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The ETHPoW fork proposal comes from the miners. It’s only logical that they want to keep Ethereum as a Proof-Of-Work chain, since all of their profit will evaporate overnight with the change to Proof-Of-Stake. The merge is supposedly only weeks away, and the Ethereum community has their hearts set on the proposed changes. Nevertheless, the […]
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....
The Ethereum project has returned to its $1 bln market value fold after the reset Thursday, July 21. It is an aftermath effect of the hard fork to recover the stolen funds by a hack of the DAO platform. Ethereum getting better. The hard fork was reported completed on Wednesday July 20 with several congratulatory messages pouring in. Vitalik Buterin stated in a blog post: “Block 1920000 contained the execution of an irregular state change which transferred ~12 million ETH from the “Dark DAO” and “Whitehat DAO” contracts into the WithdrawDAO recovery contract. The fork itself took place....
Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW) consensus algorithm, and with The Merge coming up, speculators assume Ethash PoW miners will transition to ethereum classic mining. During the last two weeks, ethereum classic has climbed more than 124% against the U.S. dollar, and the network’s hashrate has spiked....
In 2021, many smart contract platforms competed for users’ attention and attempted to be the next Ethereum killer. The terms DeFi, GameFi, and NFT, have been all over the media lately, and any of these would not be possible without smart contracts. As more smart contract platforms are introduced, it becomes hard for newcomers to choose which is right for them. This article will examine some of the most popular smart contract platforms and share our hands-on experience with them. Ethereum Token: ETH TPS: 10 Ethereum is the world’s first smart contract platform. Developers create....