This is to provide an alternative for miners who don’t want to give up mining when Proof of Stake arrives with The Merge update in September.
” We currently have over one million #ETHs. If the #Ethereum hard fork is successful, we will donate a portion of the forked # ETHW to the #ETHW community and developers to build the #ethereum ecosystem », Explains the Chinese entrepreneur.
Crypto ETHW, what is it?
Ethereum Merge: This is the cryptocurrency that Vitalik Buterin recommends to PoW lovers.
ETHW is the new cryptocurrency that the cryptocurrency exchange platform Poloniex Exchange wants to make available to users as soon as The Merge arrives. The ETHWs will allow miners to continue trading with Proof of Stake (PoW), while the core Ethereum network will continue with Proof of Stake, post-merger (The Merge).
Starting August 8, the company will already allow its users to trade their ETH for ETHW. The reverse operation will also be possible, with each time a ratio of one ETH to one ETHW.
TRON, another version of Ethereum
Justin Sun’s support for Ethereum’s hard fork process comes as no surprise. The entrepreneur launched TRON in 2018, a crypto project already considered a copy of the Ethereum white paper. This makes him one of the antagonists of the network co-founder Vitalik Buterin. The ETHW project is unlikely to be successful, but support from Justin Sun and Poloniex could increase the interest of the crypto community in this hard fork.
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As for the Tron token, Gov Capital believes there is a good chance that the price of TRON will reach $ 0.11 by the end of 2022. In 2025, TRX could reach $ 0.53.