The much-awaited Ethereum [ETH] Merge is across the nook. Nevertheless, the mining group is continuous to seek for new options to maintain their operations going.
Whereas a number of miners are getting into different networks, comparable to Ethereum Traditional [ETC] and Ravencoin [RVN], some are siding a tough fork, Ethereum PoW. Lately, the ETHW group revealed an open letter addressing the Ethereum group concerning sure selections and updates of their plan.
Pumped and Prepared
Because the ETHW group builds its ecosystem, it introduced that no contract pool on the ETHW could be restricted in any method. The group additional opposed the concept of integrating the contract freezing know-how into the principle core.
Furthermore, the letter additionally talked about absolute adherence to the current ETHW ledger and the absence of any centralized or regulated know-how. Apparently, the ETHW group additionally said that they’d welcome wallets from any person. These embrace atypical wallets, on-chain multi-signature wallets, and even hackers’ wallets.
Moreover, if one other DAO like state of affairs had been to occur within the close to future, ETHW clearly revealed their intentions. This entails not rolling their again the ledger, which occurred earlier when ETH was created.
ETHW Core: An open letter to the Ethereum group [2/9]:
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 8, 2022
Not the whole lot is ok
MarkerDAO just lately revealed a brand new document which highlights the potential threats which may come together with the Merge. Moreover, a brand new PoW token could possibly be created.
As soon as the Merge takes place, a forked Ethereum PoW chain seems to be imminent, with a non-zero likelihood that it’ll use the identical chainId because the PoS chain.
What are the implications of this threat for the Maker Protocol, Dai, and MKR holders?
— Maker (@MakerDAO) September 8, 2022
Furtehrmore, when forked tokens are created, they may improve the probabilities of a replay assault. A replay assault is taking a transaction from one community and utilizing it on one other community.
The forked Ethereum PoW community may be replayed on the Ethereum PoS community in the event that they share the identical chainId. The ETHW additionally identified this station in a current tweet.
About Chain ID, EIP155, and replay assault –
The arduous fork that EIP-155 was applied – https://t.co/WXRmvCVA1L
EIP-3788 – https://t.co/rxOGRRqRcr
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 9, 2022
Winner winner, who will get a fork for dinner?
Although ETHW has been within the limelight for fairly a while now, ETC nonetheless appears to steal the present with a large surge in its hashrate and regular worth surge.
As evident by the chart, ETC’s complete hashrate elevated over 100% prior to now few months, suggesting the token to be the miner’s most popular possibility.
Whereas evaluating each the token’s costs, ETC registered monumental progress, and ETHW’s worth continued to say no since its launch.
On the time of writing, ETHW was buying and selling at $28.18, with a unfavourable 18% 24-hour efficiency. ETC was priced at $38.76, with constructive 5.5% 24-hour positive factors.
Wanting on the present state of affairs and complexities with ETHW, evidently ETC nonetheless has the sting and would possibly transform the winner after the Merge.
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