• Latest
  • Trending
  • All
  • News
  • BUSINESS
  • SCIENCE
  • LIFESTYLE
  • TECH
A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets – Bitcoin News

A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets – Bitcoin News

August 6, 2022
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

US Chemical Production Trended Higher in February – American Chemistry Council

March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

Hospital Renews Knightscope Contract for Seventh Year – Business Wire

March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

iSun Inc. Wins Two New Solar Projects Valued at $4.9 Million in Maine – Business Wire

March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

Redwire Corporation Reports Fourth Quarter and Full Year 2022 … – Business Wire

March 29, 2023
2023 McDonald’s All-American Boys Game: Photos and recap

2023 McDonald’s All-American Boys Game: Photos and recap

March 29, 2023
Kylie Jenner Rocks Crop Top & Leggings During Workout Routine: Video – Hollywood Life

Kylie Jenner Rocks Crop Top & Leggings During Workout Routine: Video – Hollywood Life

March 29, 2023
Tips To Cut Costs On Training Development

Tips To Cut Costs On Training Development

March 29, 2023
Target Announces Spring Designer Collection With RHODE, Fe Noel, and Agua Bendita – Target Spring Designer Collection 2023

Target Announces Spring Designer Collection With RHODE, Fe Noel, and Agua Bendita – Target Spring Designer Collection 2023

March 29, 2023
The BEST Twice Baked Potatoes

The BEST Twice Baked Potatoes

March 29, 2023
Vaccination Could Reduce Risk of Long COVID, Study Shows

Bias, Lack of Access Make Long COVID Worse for Patients of Color

March 29, 2023
Even in Ancient Times, Soldiers Wrote Messages on Ammunition

Even in Ancient Times, Soldiers Wrote Messages on Ammunition

March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire

Ault Alliance’s Subsidiary, BitNile Inc., Collaborates with Core … – Business Wire

March 29, 2023
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds
No Result
View All Result
No Result
View All Result
Home CRYPTO

A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets – Bitcoin News

by Minnesota Digital News
August 6, 2022
in CRYPTO
0
A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List ‘Potential Forked’ Token Markets – Bitcoin News
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List 'Potential Forked' Token Markets

Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month. As usual, the idea of a forked token gets people excited and some individuals get upset, and even though the token hasn’t been created yet, there’s now a website called ethereumpow.org summarizing the coin’s goals.

The Merge Upgrade Could Produce an Ethereum PoW Fork, Poloniex to List 2 ‘Potential Forked’ Ethereum Token Markets

If Ethereum (ETH) transitions into a full PoS blockchain next month, there’s a very good chance a PoW version will fork away from the current version. The Merge has a pencilled-in date that could take place on the week of September 19, or 44 days from now. Guo is a well known crypto miner and he played a specific role in the 2016 creation of the blockchain network Ethereum Classic (ETC). On August 1, Bitcoin.com News reported on Guo tweeting about a PoW version of Ethereum “coming soon” and how he said, “ETH PoW is DAO.”

Now there’s a new website touting the not-yet-born ethereum PoW version called ethereumpow.org, and the web portal claims a white paper is coming soon. The website’s “community [and] contributors” section says: “It takes a village to raise our Ethereumpow. Numbers of communities, exchanges, miners, and individuals have worked together to make ETHW possible.” Domain statistics from Whois records indicate that the web portal was registered on July 31, 2022. The ETHW website owner’s name and identity has been “redacted for privacy,” the internet record listing site says.

BREAKING: Poloniex will be the FIRST exchange to support EthereumPoW (ETHW). @Poloniex @justinsuntron
1/n pic.twitter.com/h6M9Pxv5lZ

— ETHPoW (@EthereumPoW) August 3, 2022

The cryptocurrency exchange Poloniex, backed by Tron’s Justin Sun, has announced that the trading platform will list ETHW. After Poloniex tweeted about listing ETHW, Sun retweeted the announcement to his 3.3 million Twitter followers. “The Ethereum Merge is expected to be in September 2022,” the exchange wrote. “Poloniex was the world’s first exchange to list ETH and now the first one to support potential forking of ETH with the listing of two potential forked ETH tokens: ETHS & ETHW.”

Poloniex Led the Charge During ETC’s Creation

Poloniex was also the first exchange to list ethereum classic (ETC). In a now-deleted tweet, one of the members of the Slock.it development team, Stephan Tual, remarked about Poloniex “leading the charge.” At the time, the Poloniex ‘troll-box’ was going wild and the exchange saw roughly $11.89 million in ETC trade volume on July 24, 2016. While it has experienced a number of 51% attack hiccups, ETC still exists today as it’s currently the 19th largest crypto asset in terms of market valuation. In an interview with Bloomberg, Chandler Guo talked about the advantages of ETHW in comparison to ETC.

A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List 'Potential Forked' Token Markets
A section of a Bloomberg interview with Chandler Guo discussing ETHW and comparing it to ETC.

Born at ETH block height 1,920,001, Ethereum Classic has reaped benefits from the pencilled-in Merge date, and during the last two weeks it has gained 51.2%, and ETC jumped 148.5% higher over the last 30 days. ETC has also seen a slight hashrate increase but during the last week, ETC’s hashrate rise has tapered off. Months before the most recent hashrate spike, ETC maintainers wrote that the community welcomed Ethash miners to the Ethereum Classic ecosystem.

fwiw, our full support is behind ETH PoS, in addition to ETC, and have zero intention to support any ETH PoW fork. ETH miners should move to ETC to maximize their revenue long term. simple as that

— Barry Silbert (@BarrySilbert) August 6, 2022

Bitmex Research: ‘It Is Likely That the Chain Is Extended Past the Merge Point, However, Whether or Not This Chain Has Any Economic Significance Is an Open Question’

Furthermore, on August 1, Bitmex Research published a blog post called “ETHPoW vs ETH2,” which examines a hypothetical debate over the two potential Ethereum networks. The blog post, written by Bitmex Research, concludes “by arguing that although the ETHPoW chain may have many technical challenges and its long term viability is in question, its existence may provide an exciting opportunity for traders and speculators in the short to medium term.”

A Second Ethereum PoW Chain Idea Gains Traction, Poloniex to List 'Potential Forked' Token Markets
Bitmex Research published a blog post called “ETHPoW vs ETH2” on August 1, 2022.

In addition to Poloniex, Huobi Global plans to list any potential forks that are created when The Merge takes place. Huobi will distribute forked assets if they meet specific requirements, the company said on Friday. When Poloniex releases the “Potential forked” token markets next week, it will be interesting to see what traders and speculators value the ETHW token. It’s quite possible the futures markets could overshadow ETC’s recent gains.

Tags in this story
2016, 51% attack, bitmex research, Chandler Guo, Chandler Guo ETC, Chandler Guo ETH, 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, ETHW, ETHW website, immutable Ethereum, Listing ETHW, Poloniex, Poloniex Listing, PoW version of Ethereum

What do you think about the possibility of an ETHW chain that splits away from Ethereum when the chain transitions to PoS? Let us know your thoughts about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living 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.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Share196Tweet123Share49
Minnesota Digital News

Minnesota Digital News

Saint Paul
◉
18°
Sunny
6:58 am7:35 pm CDT
Feels like: 9°F
Wind: 5mph WNW
Humidity: 60%
Pressure: 30.46"Hg
UV index: 1
ThuFriSatSun
41/37°F
41/23°F
36/25°F
50/34°F
Weather forecast Saint Paul, Minnesota ▸
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

US Chemical Production Trended Higher in February – American Chemistry Council

by Minnesota Digital News
March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

Hospital Renews Knightscope Contract for Seventh Year – Business Wire

by Minnesota Digital News
March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

iSun Inc. Wins Two New Solar Projects Valued at $4.9 Million in Maine – Business Wire

by Minnesota Digital News
March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

Redwire Corporation Reports Fourth Quarter and Full Year 2022 … – Business Wire

by Minnesota Digital News
March 29, 2023
2023 McDonald’s All-American Boys Game: Photos and recap
SPORTS

2023 McDonald’s All-American Boys Game: Photos and recap

by Minnesota Digital News
March 29, 2023
Kylie Jenner Rocks Crop Top & Leggings During Workout Routine: Video – Hollywood Life
CELEBRITY

Kylie Jenner Rocks Crop Top & Leggings During Workout Routine: Video – Hollywood Life

by Minnesota Digital News
March 29, 2023
Tips To Cut Costs On Training Development
Education

Tips To Cut Costs On Training Development

by Minnesota Digital News
March 29, 2023
Target Announces Spring Designer Collection With RHODE, Fe Noel, and Agua Bendita – Target Spring Designer Collection 2023
FASHION

Target Announces Spring Designer Collection With RHODE, Fe Noel, and Agua Bendita – Target Spring Designer Collection 2023

by Minnesota Digital News
March 29, 2023
The BEST Twice Baked Potatoes
FOOD

The BEST Twice Baked Potatoes

by Minnesota Digital News
March 29, 2023
Vaccination Could Reduce Risk of Long COVID, Study Shows
HEALTH

Bias, Lack of Access Make Long COVID Worse for Patients of Color

by Minnesota Digital News
March 29, 2023
Even in Ancient Times, Soldiers Wrote Messages on Ammunition
HISTORY

Even in Ancient Times, Soldiers Wrote Messages on Ammunition

by Minnesota Digital News
March 29, 2023
Benson Hill Announces Preliminary Unaudited 2022 Results and … – Business Wire
PRESS RELEASE

Ault Alliance’s Subsidiary, BitNile Inc., Collaborates with Core … – Business Wire

by Minnesota Digital News
March 29, 2023
Religious attendance dips slightly after pandemic
Religion

Religious attendance dips slightly after pandemic

by Minnesota Digital News
March 29, 2023
The King of Prussia Mall
Shopping

The King of Prussia Mall

by Minnesota Digital News
March 29, 2023
Elon Musk and Steve Wozniak: pause more powerful A.I.
BUSINESS

Elon Musk and Steve Wozniak: pause more powerful A.I.

by Minnesota Digital News
March 29, 2023
Elon Musk and top AI researchers call for pause on ‘giant AI experiments’
TECH

Elon Musk and top AI researchers call for pause on ‘giant AI experiments’

by Minnesota Digital News
March 29, 2023
Amazon Has Thousands of Trendy Spring Skirts— These Are the 15 We Love
ENTERTAINMENT

Amazon Has Thousands of Trendy Spring Skirts— These Are the 15 We Love

by Minnesota Digital News
March 29, 2023
Making $100K in 18 Months with “Misfit” Medium-Term Rentals
REAL ESTATE

Making $100K in 18 Months with “Misfit” Medium-Term Rentals

by Minnesota Digital News
March 29, 2023
DOJ Appeals NAR Win In Probe Of Commission, Pocket Listing Rules
SCIENCE

DOJ Appeals NAR Win In Probe Of Commission, Pocket Listing Rules

by Minnesota Digital News
March 29, 2023
Minnesota Digital News

Copyright © 2023 Minnesota Digital News

Navigate Site

  • Disclaimer
  • Privacy Policy
  • Copyright Notice
  • Anti Spam Policy
  • Medical Disclaimer
  • DMCA Compliance
  • Terms and Conditions
  • Social Media Disclaimer
  • Amazon Affiliate disclaimer

Follow Us

No Result
View All Result
  • Home
  • News
    • PRESS RELEASE
  • Shop
  • BUSINESS
    • CRYPTO
    • ECONOMY
    • FINANCE
    • MARKET
    • MONEY
  • TECH
    • APPS
    • GADGET
    • MOBILE
    • SCIENCE
  • SOCIAL MEDIA
  • ENTERTAINMENT
    • ARTS & THEATER
    • GAMING
    • GAMBLING
    • MOVIE
    • MUSIC
    • SHOWS
    • SPORTS
  • LIFESTYLE
    • CELEBRITY
    • CULTURE
    • Education
    • FASHION
    • FOOD
    • HEALTH
    • HISTORY
    • Nature
    • Religion
    • Shopping
    • TRAVEL
  • REAL ESTATE
  • Blog
  • Classifieds

Copyright © 2023 Minnesota Digital News