The developers of EthereumPoW (ETHW), a fork of the Ethereum network, have also planned to activate their blockchain this week. The release is planned after The Merge, exactly one day later.
Countdown is on, even on the Google search engine page. With The Merge of the Ethereum network expected to occur in just over 2 days. And many hazardous speculations about the scope of this historic change, both for the ETH cryptocurrency, but also for the entire crypto sphere.
This is a major week for the Ethereum ecosystem. The public blockchain must indeed migrate from PoW to PoS. The Merge is scheduled for September 15. But another launch has been made official.
EthereumPoW miners won’t be out of work?
Indeed, according to the latest news, a group of anonymous developers, in collaboration with many important miners of Ethereum, intend to perform a hard fork of the Ethereum blockchain after The Merge. This split will allow them to get a version of the network that works with the Proof of Work (PoW) consensus mechanism.
The exact time will be announced 1 hour before the launch with a countdown, and everything, including the final code, binaries, configuration files, node info, RPC, explorer, etc. will be made public when the time is up,” says the Twitter account of the ETHW designers.
This release therefore means the creation of an additional network, but also a new token, ETHW. This fork will be added to Ethereum Classic and its token ETC. It also means the maintenance of a version of Ethereum whose transactions will be validated thanks to mining and therefore computing power.
Indeed, with the new version of Ethereum, miners are put on technical unemployment, replaced by validators. The mining seems to be the main argument justifying the emergence of a fork.
In any case, this is a situation that has already occurred in 2016 with the DAO hard fork that gave birth to Ethereum Classic. So even those who don’t believe in the future of the fork would still be tempted to sell their ETHW tokens after the merger to pocket some extra gains.
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