EthereumPoW Ecosystem Continues to Grow as Support for Mining Remains

Since its hard fork last month, the minable version has been receiving a lot of attention. A move that may be a remnant of the 2017 genesis Bitcoin Cash (BCH), EthereumPoW could have started a fork war among proponents of each network.

Chandler Guo, a former Ethereum miner who was also an investor in ICOs, initiated the fork. He tweeted Oct. 14 that 100 projects had been launched on Ethereum Network in less than a month.

now more than 100 project at ethw in one month https://t.co/hzArydXQR7

— Chandler Guo (@ChandlerGuo) October 13, 2022

Hunger for mining chains

Vitalik Buterin, cofounder of Ethereum, has attempted to promote Ethereum Classic as the network for miners. But Guo insists that Ethereum Classic does not have an ecosystem. F2Pool and Poolin were among the first to support PoW Ethereum.

Wu Blockchain, a Chinese blockchain outlet, posted an update on EthereumPoW on Oct. 13. It noted that the EthereumPoW ecosystem has at least 80 “ecodapps”, or services, including DeFi and GameFi.

“As a public-chain that is only a month old, its ecosystem on-chain is already as well-built as ETC, which has existed for many years.”

A number of projects were mentioned by the Wagmi33 Foundation, a venture capital sub-DAO of the aWSB. It is one of the largest Web3 communities. These projects included DEXes like UniWswap or LFGSwap, stablecoins such as PaperDAO and copycat mecoins ShibaW and NFT marketplace Nuwton.

Wagmi33 also supports the development of an alternative domain name service called WENS, or EthereumPoW Name Service.

Guo dismissed environmental concerns by claiming that intelligent mining operations don’t rely on the central grid for power but instead seek cheap and abundant energy.

ETHW Price Outlook

It reached $60 at its launch in mid-September. However, the token has plummeted since then.

According to CoinGecko, ETHW trades at $7.54 after a 2.3% drop. As initial hype and degen activity recede, it has already fallen 87% since its high point last month. ETC has fallen by a similar amount since its peak. It is currently trading at $24.

ETHW is a company to keep an eye on when crypto spring arrives, given its low prices and rapid network expansion.

CryptoPotato’s first post, “EtherPoW Ecosystem Continues To Grow As Support for Mining Remains,” appeared first on CryptoPotato.

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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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