Chinese Miner Claims Ethereum PoW Fork ‘Coming Soon’, Despite Existence of ETC – Bitcoin News

According to Chandler Guo, an influential Chinese Bitcoin miner, a Proof of Work (PoW) release of Ethereum is “coming soon.” The news comes as the consolidation is expected to take place on Ethereum during the week of September 19, and discussions are mounting to delay the highly anticipated Proof of Stake (PoS) transition.

Chinese miner Chandler Gu says ‘Ethereum PoW’ is coming soon

Chandler Guo advertiser That a Proof of Work (PoW) release of Ethereum will be ‘soon’ before it merge It was recorded in the week of September 19th. Guo is a well-known Chinese cryptocurrency miner, and last week Wrote It might fork once, and “you’ll spawn it again.” However, Guo’s statement contradicts the way it officially appeared in the summer of 2016, when Ethereum Classic (etc.) chain to the world.

At that time, Guo threatened to 51% attack etc. A chain with approximately 98 gigabytes of hashes in July 2016. The following month, Guo Tell The audience said he was “mistaken” and added, “This is not a joke. This is a revolution. This is freedom. Guo added at the time. Despite how it happened, Guo played some part during it.” etc.early days.

People are responding to Guo’s tweet saying that the PoW version of Ethereum is already in Ethereum Classic

Most people were confused by Guo’s comment that a PoW version of Ethereum will be released soon. “there etc. previously. The real immutable Ethereum, “one person replied To Guo while sharing a file Article – Commodity Which says Antpool from Bitmain will support etc. By injecting $10 million into the Ethereum Classic ecosystem. Guo shared another tweet about the PoW version of Ethereum and said,ETH PoW is DAO. “

Chinese Miner Claims Ethereum PoW Fork 'Coming Soon', Despite Existing ETC
In July 2016, News mentioned On Ethereum Savior (ETH) Supporters 51% threatened to attack Ethereum Classic and Chandler Joe said the same at the time. A few days later, Guo chirp: “It’s easy to attack etc.But it will certainly affect the innocent etc. pregnant women. My principle is not to be evil,” and retreated from the attack etc..

etc. I’ve actually received some Proof of Work hash rate over the past few weeks as the chain hash rate is there 26.07 tarrash per second (TH/s) of hash power. ETHThe hash power of is heading towards 1.01 Bithash per second (PH/s) or approximately 1000 TH/s. ETH It rose 52% against the US dollar over the past month and in the same time frame, etc. Gained 134% against the dollar.

etc. It has seen support from different parts of the ecosystem and Grayscale has released a file etc. Trust January 2017. Ethereum Classic has a much lower hash rate than Ethereum today and etc. 51% have suffered an attack in the past. In fact, etc. 51% was attacked on numerous occasions and faced delisting from multiple exchanges in January 2019 and August 2020.

In addition to Guo’s comment, crypto hedge fund Galois Capital participated in a survey the same day that also discussed the possibility of an Ethereum chain split. At the time, Paolo Arduino, Tether’s chief technology officer, clarified that his company would support the PoS version of Ethereum after the merger.

Tags in this story

2016, 51% attack, Chandler Guo, Chandler Guo ETC, Chandler Guo ETH, Chandler Guo miner, Chandler Guo tweet, Chinese Bitcoin miner, ETC, ETC fork, ETH fork, ETH PoW is DAO, Ethereum Classic, ethereum classic (ETC) ), Ethereum Classic Hashrate, Ethereum PoW, Grayscale ETC, Ethereum immutable, PoW version of Ethereum

What do you think of Chandler Joe’s talk about the Ethereum PoW chain? Tell us your thoughts on this topic in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for News about the disruptive protocols emerging today.

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