Its price also soared, especially, as miners migrated in favor of Ethereum Classic as the ‘next big thing’ for miners. This view is about to be challenged especially now thatETHW rumors have been around for quite some time but there was no official confirmation. The idea was sparked by expectations that the Merge would lead to a hard fork where a new network will run parallel to the old POW Ethereum chain.ETHW mainnet will happen within 24 hours after the Merge.
The announcement means most of the Ethereum miners may opt to switch to EthereumPoW. A potential negative outcome for ETC would be miner outflows in favor of the EthereumPoW chain. The two blockchain networks will compete for projects that prefer a PoW network as opposed to PoS.
Lol. 1 $etc = 1 $eth
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is Ethereum fork ‘EthereumPoW’ up in line after MergeThe group behind EthereumPoW (ETHW), a proof-of-work fork of the Ethereum blockchain, has officially announced plans to launch its hardfork shortly after the Ethereum Merge on 15 September. This, despite a difficult few weeks since its introduction. After the Merge, the ETHW mainnet will launch, according to a tweet from the EthereumPow account. The thread […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Norway experiments with an ETH-based CBDC while Russia looks to clarify crypto regulationsThe central bank of Norway has released the source code for its Ethereum-based CBDC while Russia looks to solidify crypto regulations by the end of 2022.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
The Merge: A blockchain revolution or just more hype?Ethereum\u0027s switch to a greener system is seen by crypto enthusiasts as a long\u002Dawaited chance to prove critics wrong. Read more. You're missing the bigger picture. The Surge is likely the revolution after the Merge.
Source: financialpost - 🏆 7. / 85 Read more »
Bitcoin price reclaims support at $22,000 as the DXY drifts lowerBitcoin bulls recapture support at $22,000 in the face of a weakening DXY and look to push higher as the crypto ecosystem prepares for the Ethereum Merge.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Assessing the odds of Ethereum crossing $2k mark this weekEthereum is gearing to break out through a key resistance level in the next week. The largest altcoin by market cap was trading at $1,750 after seeing a 1.15% drop in the past day. But weekly gains still stand at double digits for Ethereum as it prepares ahead of the Merge. There is growing optimism […]
Source: CryptoAmb - 🏆 22. / 68 Read more »