Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens Wi...
A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.” The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second (TH/s) of hashrate is dedicated to the new network. Grayscale notes that there’s “uncertainty as to whether digital asset custodians will support” the newly launched ETHW coin. Grayscale’s 2 Funds Declare Rights to ETHW Fork The world’s largest crypto asset manager....
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The Ethereum Proof of Work (ETHW) token had piggybacked off the popularity of the Ethereum Merge. In a bid to maintain the network in its original mechanism, developers had forked the Ethereum network, creating their own token in the process. The ETHW had been launched after the Merge was completed and was airdropped to ETH holders. The digital asset then suffered massive declines just days after launch. Ethereum Proof Of Work Recovers The Ethereum Proof of Work (ETHW) token distribution had been ongoing for days after the Merge. The reason for this was exchanges needed more time to....
The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a stark contrast to the top ten nine years ago.
The PoS Age Begins: Proof-of-Work Crypto Assets Disappear From Top Ten Market Cap Standings
This year, for the first time in crypto history, three stablecoins entered the top ten largest market cap positions.....
With the Ethereum Merge successfully completed, bitcoin has seen its biggest proof of work competitor network eliminated. While the pioneer digital asset had maintained the largest share of the proof of work networks prior to the Ethereum Merge, it is now in almost complete control of all the market cap of these coins. So while […]
One of the significant discussions surrounding the Ethereum Merge launch is the hard fork of the Proof-of-Work. The set a date for the Merge is just a few days away from now, and expectations are getting high for the Ethereum community. The network will finally transit to a Proof-of-Stake consensus mechanism after the upgrade. The […]
20 days ago, a poll was shared on Twitter asking miners where they planned to dedicate their hashrate, after The Merge transitions Ethereum into a proof-of-stake (PoS) blockchain. The proof-of-work (PoW) contenders at the time were tokens like ravencoin, ergo, flux, and ethereum classic. When the poll concluded, flux and ravencoin outpaced the pack in votes, but reality shows ethereum classic has been the main beneficiary of hashrate so far.
Twitter Poll With More Than 10,000 Votes Chooses Flux, While Ethereum Classic Ends up Reaping the Benefits Stemming From The Merge
Ethereum....