2nd Ethereum PoW Chain Idea Gaining Momentum, Poloniex To List ‘Potential Slot’ Token Market – Bitcoin News

Five days ago, influential Chinese miner Chandler Gu explained that a Proof of Work (PoW) release of Ethereum is “soon” as the community prepares for the network’s transition to Proof of Stake (PoS) next month. As usual, the idea of ​​a cryptocurrency gets people excited and some people are upset, and although the token has yet to be created, there is now a website called ethereumpow.org that outlines the goals of the coin.

Merge Upgrade Could Produce Ethereum PoW Fork, Poloniex to List of 2 “Potential Forked” Ethereum Token Markets

if Ethereum (ETH) Moving to a full blockchain PoS next month, there is a very good chance that the PoW version will move away from the current version. merge It has a specific date in pencil that can happen in the week of September 19, or 44 days from now. Guo is a well-known crypto miner who played a defining role in creating the Ethereum Classic blockchain network in 2016 (etc.). On August 1, Bitcoin.com News reported on Guo’s tweet about a PoW release of Ethereum “soon” and how he said, “ETH PoW is DAO. “

There is now a new website promoting the unborn version of ethereum PoW ethereumpow.orgThe web portal claims that the white paper will be released soon. Site community [and] The contributors section says: “It takes a village to raise Ethereumpow. A number of communities, exchanges, miners, and individuals have worked together to make ETHW possible.” Domain Statistics Whois records indicate that the web portal was registered on July 31, 2022. The name and identity of the ETHW site owner has been “revised for privacy,” the Internet Records List website says.

Cryptocurrency exchange Poloniex, backed by Tron’s Justin Sun, has announce That the trading platform will include ETHW. After Poloniex tweeted about the ETHW listing, Sun retweeted the announcement to its 3.3 million Twitter followers. “Ethereum is expected to merge in September 2022,” the exchange Wrote. “Poloniex was the first stock exchange in the world to be listed ETH He is now the first to support the possible split of ETH With a list of two possible forked ETH Tokens: ETHS & ETHW. “

Poloniex led the charge over etc.Create

Poloniex was too The first exchange on the list Ethereum Classic (etc.). in Tweet now deletedA member of the Slock.it development team, Stefan Toal, noted that Poloniex is “leading the job”. At the time, Poloniex’s ‘troll box’ fund was going wild and the exchange saw nearly $11.89 million in etc. Trade volume on July 24, 2016. While it has seen a number of attack hiccups at 51%, etc. It still exists today as it is currently the 19th largest crypto asset in terms of market valuation. In an interview with Bloomberg, Chandler Joe to speak About the advantages of ETHW compared to etc..

The idea of ​​a second Ethereum PoW chain is gaining momentum, as Poloniex lists 'potential forked' token markets
A section of Bloomberg’s interview with Chandler Joe discusses and compares ETHW etc..

Born in ETH block height 1,920,001, Ethereum Classic I reaped benefits from the indefinite pencil consolidation date, and over the past two weeks I gained 51.2%, and etc. Jumped 148.5% higher in the past 30 days. etc. also witnessed a Slight increase in hash rate But over the past week, etc.The high hash rate has diminished. Months before the last hash rate spike, etc. Moderators wrote that the community welcome Ethash miners are joining the Ethereum Classic ecosystem.

Bitmex Research: “The chain is likely to extend beyond the consolidation point, however, whether or not this chain has any economic significance is an open question”

Moreover, on August 1, Bitmex Research published a file Blog post Called “ETHPoW vs. ETH2,” it examines a hypothetical discussion of two potential Ethereum networks. The blog post, written by Bitmex Research, concludes, “While the ETHPoW chain may face many technical challenges and its long-term viability is called into question, its existence may present an exciting opportunity for traders and speculators in the short to medium term.”

The idea of ​​a second Ethereum PoW chain is gaining momentum, as Poloniex lists 'potential forked' token markets
Bitmex Research published a blog post titled “ETHPoW vs ETH2” on August 1, 2022.

In addition to Poloniex, Huobi Global plans to include it Any potential forks created when the merge occurred. Huobi said Friday that it will distribute the forked assets if it meets specific requirements. When Poloniex releases the “forked potential” token markets next week, it will be interesting to see what traders and speculators will appreciate for the ETHW token. It is entirely possible that the futures markets will cast a shadow etc.recent gains.

Tags in this story

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What do you think about the possibility of an ETHW chain decoupling from Ethereum when the chain moves to PoS? Tell us your thoughts on this topic in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com 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 Bitcoin.com News about the disruptive protocols emerging today.

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