This is to provide an alternative for miners who do not want to give up mining when Proof of Stake arrives with The Merge update in September.
” We currently have over a million #ETH. 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 businessman.
Crypto ETHW, what is it?
Ethereum Merge: This is the crypto that Vitalik Buterin recommends for PoW lovers.
ETHW is the new crypto that the cryptocurrency exchange platform Poloniex Exchange wishes to make available to users as soon as The Merge arrives. ETHWs allowed miners to continue operating with Proof of Stake (PoW), while the Ethereum mainnet will continue with Proof of Stake, post-merger (The Merge).
As of August 8, the company will already allow its users to exchange their ETH for ETHW. The reverse operation will also be possible, with each time a ratio of one ETH for one ETHW.
TRON, another version of Ethereum
Justin Sun’s support for the Ethereum hard fork process is no wonder. The entrepreneur indeed launched TRON in 2018, a crypto project already considered a copy of the Ethereum white paper. This makes him one of the antagonists of network co-founder Vitalik Buterin. The ETHW project is unlikely to succeed, but the support of Justin Sun and Poloniex may increase the interest of the crypto community in this hard fork.
Read also Crypto Opportunity: Here’s Why There’s a Big Upside in Buying TRON Quickly!
As for the Tron token, Gov Capital believes that 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.