DailyCoin
Published Oct 17, 2022 09:55AM ET
Updated Oct 17, 2022 10:30AM ET
Support for the EthereumPoW Ecosystem Continues to Grow Abreast Miner Interest
EthereumPoW, the forked version of Ethereum aiming to maintain the Proof-of-Work (PoW) mining process for ETH miners, has enjoyed a massive influx of support from developers, investors, and miners.
Over 100 Projects Launched on EthereumPoW
On September 23rd, core EthereumPoW (ETHW) contributors called on developers to submit their applications as they looked to put together the first list of projects to integrate into the ETHW ecosystem.
Less than a month later, former Ethereum miner and ICO investor Chandler Guo reports that over 100 projects have been launched on the EthereumPoW network. Guo tweeted:
now more than 100 project at ethw in one month https://t.co/hzArydXQR7— Chandler Guo (@ChandlerGuo) October 13, 2022
The forked EthereumPoW network already features bridge networks, ETHW wallets, decentralized exchanges (DEX), non-fungible token (NFTs) marketplaces, and a range of other ecosystem management tools.
Better Without Vitalik Buterin
Chandler Guo, who has become the face of the EthereumPoW project, made the bold claim that Ethereum’s Founder Vitalik Buterin made a mistake. According to Guo, “the mistake is that they abandoned PoW”. and highlights the SEC’s scrutiny of the PoS version of Ethereum.
Guo also disagreed with Buterin’s assertion that Ethereum Classic (ETC) was a “fine” PoW alternative to the newly Proof of Stake (PoS) Ethereum. Guo even went on to say that, “like Bitcoin without Satoshi Nakamoto, Ethereum without Vitalik Buterin is maybe much better.”
On the Flipside
Why You Should Care
The growth of the ecosystem serves as an indication that there is interest in a PoW Ethereum beyond just migration by miners.
Read more on SEC’s claim about Ethereum:
SEC Implies That All Ethereum (ETH) Transactions Fall Under U.S. Jurisdiction
Ethereum’s switch to PoS has raised concerns in many sectors. Find out more:
Is PoS Ethereum More Centralized? Two Platforms Add 42% of Ethereum (ETH) Blocks Post-Merge
See original on DailyCoin
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.