en en en en en en en en en en en pt en en en en en en en en en en en en en en en en en es en ru en tr en en en fr en en en en en en en pt en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en ru en en en en en en en en en en en en en es en en en zh it en en
Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Lead to People Losing Money’
BitRss.com latest World Crypto News
Search and discover the latest Cryptocurrency updated Stories in Categories
24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources
8-8-2022 International Bitcoin com 224 Print this Page
Ethereum co-founder Vitalik Buterin recently discussed what he thinks about the recent Ethereum proof-of-work (PoW) fork topic that’s been finding its way into a number of conversations within the crypto community. Buterin remarked at the ETH-Seoul conference over the weekend, that he believes the people introducing the forked token concept are basically a “couple of outsiders” that “mostly just want to make a quick buck.”
Vitalik Buterin Gives His Opinion on the Proposed Ethereum PoW Fork Idea
A lot of people within the crypto community have been discussing a possible ETH PoW fork (ETHW) that is unique from the existing Ethereum Classic blockchain. Bitcoin.com News reported on the influential Chinese crypto miner Chandler Guo, who initiated the ETHW conversation after explaining that he participated in the birth of Ethereum Classic ( ETC ). The idea then gained more traction , as a website called ethereumpow.org was published and a few exchanges decided to list the fork.
Presently, the IOU tokens for ETHW are worth $138.69 per token , according to coinmarketcap.com metrics and against Tron’s USDD stablecoin, ETHW is exchanging hands for 142.27 USDD on Poloniex. This weekend, co-founder of Ethereum Vitalik Buterin discussed ETHW during a Q&A session at the ETH-Seoul conference . Buterin downplayed the possibility of a fork of this kind seeing long-term acceptance. “I’m not expecting it to have substantial, long-term adoption,” Buterin stressed.
The Ethereum developer and co-founder also talked about Ethereum Classic ( ETC ) and Buterin complimented the ETC community. “I think Ethereum Classic already has a superior community and a superior product for people kind of with those pro-proof-of-work values and preferences,” Buterin stated. When Buterin was asked about the ETHW proposal, he explained that those involved with its creation are just a “couple of outsiders that basically have exchanges, and mostly just want to make a quick buck.” Buterin added:
I hope that whatever happens, doesn’t lead to people losing money.
Digital Currency Group CEO Barry Silbert Discusses ETHW, Buterin Doesn’t See Fork Harming Ethereum’s Ecosystem
Buterin’s commentary follows the statements the founder and CEO of Digital Currency Group (DCG), Barry Silbert, has made about the ETHW idea on Twitter. Silbert tweeted to the Galois Capital account on Twitter and said : “[For what it’s worth], our full support is behind [Ethereum proof-of-stake], in addition to [Ethereum Classic], and have zero intention to support any [Ethereum proof-of-work] fork. [Ethereum] miners should move to [Ethereum Classic] to maximize their revenue long-term. Simple as that.”
Silbert has also made other statements on Twitter directly to some of Chandler Guo’s threads, and Guo asks Silbert in one tweet: “why only [Ethereum Classic]?” The DCG executive replied and said it is “the smart play for [ethereum] miners” and he also mentioned that Antpool is leading the initiative to support the Ethereum Classic chain. When someone told Silbert to stop engaging with Guo, Silbert responded and said: “I like and respect Chandler. Just disagree with him on this strategy.”
Meanwhile, at this weekend’s ETH-Seoul conference, Buterin detailed that he doesn’t expect Ethereum ( ETH ) to be deterred by the possibility of another fork. “I don’t expect Ethereum to really be significantly harmed by another fork,” Buterin remarked. On Twitter, it’s business as usual for Buterin, as the software developer tweeted about stealth addresses for ERC721 (non-fungible tokens) NFTs on Monday. “A low-tech approach to add a significant amount of privacy to the NFT ecosystem,” the Ethereum co-founder said .
What do you think about Vitalik Buterin’s opinion concerning the possible Ethereum PoW fork that has been discussed ahead of The Merge? Let us know what you think about this subject in the comments section below.
BitRss.com shares this Contents always with License.
Thank you for Share!
Cool to know huh? Read the full Article at : Bitcoin com
ETH Maintained Key Support, But the Danger’s Still Not...
Semana cripto: Ethereum sofre mais uma semana de perdas e...
Ethereum founder announces ‘forge ahead’ steps but ETH is...
Ethereum Challenger Defies Crypto Markets and Surges 38%...
Value Locked in Defi Drops to Lows Not Seen Since March,...
Vitalik Buterin expects Zcash and Dogecoin to migrate to...
BitMEX Founder Arthur Hayes Says Ethereum Will...
Bitcoin, Ethereum Technical Analysis: BTC, ETH...
Cardano’s Vasil Upgrade Now Live, Making ADA a Worthy...
Trader Calls One Ethereum-Based Crypto Asset the...
Search about Crypto News
BITRSS | CRYPTOCURRENCY WORLD NEWS
The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.
Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!
We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.
| LEARN MORE ABOUT |
BITRSS | Submit Your Crypto NEWS
BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin or related Crypto stories.
Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.
( Change privacy settings )
Please support BitRss.com: if you like it, share your favorite News to your Socials!
Today Most Popular News
The Moshnake Presale Is Available Now! How Does It Match Up Against Solana and Ethereum?
Presales offer a chance for users to purchase tokens before the cryptocurrency launches. It is a good indication of how well the crypto...
Number Of Bitcoin Addresses Sending BTC To Exchanges Continues To Drop
With the decline in the price of bitcoin, there has been a lot of selling from investors. This sell-off trend has contributed to the further...
Was the Ethereum Merge a Mistake?
The merge has inflicted chaos upon Ethereum—was it all worth it? Some Ethereum loyalists aren’t so sure
Bitcoin mining stock report: Friday, September 23
The majority of bitcoin mining stocks traded downward on Friday, as bitcoin spent most of the afternoon below the $19,000 mark.  Marathon...
Bitcoin Unlikely To Massively Breakout in 2022, Says Crypto Asset Manager CoinShares
Digital asset manager CoinShares says Bitcoin ( BTC ) is not likely to see a big impulse to the upside for at least the remainder of this year....
Algorand investors may need to lower expectations despite ALGO’s 4x surge
It’s raining new users for the Algorand [ALGO] chain following its partnership with FIFA. Recall that the world governing body and the DeFi...
Ethereum Fork Mastermind Says ETHW Will Have The Same Value As ETH
The Ethereum hard fork token (ETHW) has been popular after playing off the popularity of the Ethereum Merge. The fork was carried out in a bid to...
Crypto Analytics Firm Says XRP Whales Are in Massive Accumulation Mode As the Top Altcoin Outperforms Bitcoin
XRP is outperforming Bitcoin ( BTC ) as the upward trajectory of the sixth-largest crypto asset continues, according to crypto analytics firm...
XRP Price Set For 80% Extended Rally, While Bitcoin Price Might Retest This Bottom Level
The post XRP Price Set For 80% Extended Rally, While Bitcoin Price Might Retest This Bottom Level appeared first on Coinpedia Fintech News...
Colombia’s ‘dinosaur of peace’
Colombia’s 2016 Peace Agreement has led to an unexpected outcome: the discovery of a new species of dinosaur.