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Justin Sun’s Poloniex Will Support Ethereum Proof-of-Work Fork

From decrypt.co

Last week Chandler Guo, a prominent Chinese crypto miner, announced his intention to resist the Ethereum “merge” by forking the Ethereum blockchain and creating a spinoff proof-of-work version of the network. That campaign earned a notable ally today. Crypto exchange Poloniex announced this morning that it will support and list ETHW, Guo’s forked proof-of-work version of Ethereum, beginning next week. {tweet} The Ethereum “merge” refers to the network’s much-anticipated transition to proof of stake. Currently, Ethereum functions on a proof-of-work model that allows so-called miners to create new ETH by directing huge ... (full story)

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  • Category: Fundamental Analysis