Team Behind Ethereum's PoW Fork Aims to Launch Network 24 Hours After The Merge
The Merge Ethereum 2.0 is going to Merge within 20 Hours Estimated date of Merge is 9/15/2022, 12:30:00 PM.
According to August 8, 2022, ETHW exchanged hands for $141 per unit after Ethereum's Merge takes place and the blockchain transitions to proof-of-stake (PoS) a new forked token will be born called Ethereumpow (ETHW) On September 12, 202, ETHW core developers declared
The exact time of merge will be declared 1 hour before the launch with a countdown and everything including RPC, explorer, Nodes, Config files, Binaries, final code, etc.
The ETHW team published an open letter to the community on August 29 summarizing the intent of the project.
The ETHW core team explains that the group is a bunch of "geeks and crypto investors from all over the world" and they are choosing to remain anonymous. the rationale behind the ETHW team's efforts and the developers indicate that blockchain regulation is ever-increasing and Web3 narratives are under serious strain.
The ETHW core developers further state:
PoS is indeed a game changer, but only in bad ways. Nevertheless, PoW has a 12-year track record of being reliable, robust, and censorship-resistant. It is only prudent to continue a PoW Ethereum, which should be a no-brainer for those who champion openness and the free market as there is no downside.
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