Thursday, June 1, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Ethereum

Miner vuole un fork della rete Ethereum

Mikhailev by Mikhailev
August 11, 2022
in Ethereum
0
Bitcoin: most users bought in 2020/2021
Share on FacebookShare on Twitter

Related articles

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

June 1, 2023
Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle to launch ‘official version’ of USDC natively on Arbitrum

June 1, 2023


Late final 12 months the crew behind the Ethereum community and its co-founder Vitalik Buterin introduced the upcoming Merge of the Ethereum community. Dubbed Ethereum 2.0, this technique replace will merge Ethereum with a well-known Beacon Chain Proof-of-Stake system. 

This can take away the Proof-of-Work protocol and Ethereum mining completely. Instead of mining, the blockchain validations will occur by means of Ethereum staking, which is a better, extra profitable, and environment-friendly course of. 

Ever since then, Ethereum has been delivery totally different updates to arrange for this Merge, which is deliberate to finalize later this 12 months. This information didn’t go away many individuals happy, particularly those that have invested closely in Ethereum mining, and one Chinese language miner plans on saving his funding.

Chandler Gou to fork the Ethereum community

The information left many Ethereum miners scrambling to seek out alternative routes they will use their costly mining gear, which is able to change into ineffective within the close to future. However the different method was not one thing that well-known Chinese language Ethereum miner, Chandler Gou was . His intentions grew to become clear only in the near past when he tweeted about ethpow, an Ethereum different that can be a fork of the present Ethereum community.

ethpow will coming quickly pic.twitter.com/v9eAbWO2BZ

— Chandler Guo (@ChandlerGuo) July 27, 2022

Forking the Ethereum community means that we’ll see a brand new model of the Ethereum community that may work independently of the unique one. Often, forking of the community is finished to implement new options and protocols within the current community. However in Gou’s case, he doesn’t plan on making new modifications. It is going to be the exact opposite, as he plans on saving a model of the outdated Ethereum community to save lots of Ethereum mining. 

Often, blockchain forks may be differentiated into two classes. comfortable and exhausting forks. Because the title suggests, comfortable forks are minor changes to the blockchain, whereas exhausting forks are large modifications, which fully separate the brand new blockchain from the unique. In Gou’s case, this can be a tough fork, as he plans on saving the present capabilities of the Ethereum community.

With this fork, Ethereum mining will stay on this new blockchain, however the cryptocurrency mined won’t be Ether, as it’ll solely be obtainable by means of staking as soon as the merge completes. This fork model of the blockchain will introduce a brand new cryptocurrency, and as Gou suggests, will probably be named ETHPOW. 

It is a enormous ambition as the brand new community would require enormous economical and technical assist which is able to then should be taken care of with fixed upkeep and updates. One other drawback that Gou and everybody who can be a part of the community should clear up is the brand new token. 

Since ETHPOW can be a brand new cryptocurrency, it won’t inherit the worth of the unique ETH. Gou and the crew behind this new community might want to give this new token its worth by giving it infrastructure and the utility that may make folks make investments on this token.

Ethereum Traditional

Effectively, Gou wouldn’t have the ability to make these enormous plans, with out having one thing to take inspiration from. This inspiration and the assure that one thing like this may be finished most likely got here from Ethereum Traditional, the outdated community of the Ethereum community.

Ethereum Traditional is a remnant of the outdated Ethereum community after it cut up into two separate networks. This happened in 2016 when one of many largest Ethereum-based tasks, The DAO was hacked. When this occurred, voting happened, and with 97% voting in favor of a bailout, the Ethereum community cut up into two elements. The newer model, the exhausting fork, of the unique community is the present Ethereum community, whereas the outdated community was renamed Ethereum Traditional and has its personal crypto ETC.

The upcoming Ethereum merge won’t have an effect on this basic community, so Gou’s new fork should compete with Ethereum Traditional so as to obtain success. It’s nonetheless unlikely that Gou’s new community will discover a lot success. If we examine ETH, which at the moment trades for $1,579 and is the 2nd largest crypto, to the ETC, which trades for $36.27 and holds the nineteenth spot, we will clearly see which crypto is valued essentially the most and the way exhausting it might be for Gou to seek out success.







Source link

Tags: Ethereumfork
Share76Tweet47

Related Posts

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

by Mikhailev
June 1, 2023
0

A proposal to allow protocol charges for the Uniswap decentralized trade failed on June 1, probably permitting liquidity suppliers (LPs)...

Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle to launch ‘official version’ of USDC natively on Arbitrum

by Mikhailev
June 1, 2023
0

Circle lately introduced plans for a June 8 launch of a brand new native model of its USD Coin (USDC)...

‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market

‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market

by Mikhailev
June 1, 2023
0

Whereas many newbies base their trades on the negativity caused by devastating occasions occurring within the crypto area, skilled merchants...

Germany’s Deutsche Telekom plugs in as Polygon validator

Germany’s Deutsche Telekom plugs in as Polygon validator

by Mikhailev
June 1, 2023
0

One among Europe’s largest telecommunications corporations is utilizing its infrastructure to discover new income streams and increase community safety as...

0xDEAFBEEF, NFT Creator – Cointelegraph Magazine

0xDEAFBEEF, NFT Creator – Cointelegraph Magazine

by Mikhailev
May 31, 2023
0

When NFTs first took off, it was Beeple’s digital artwork, CryptoPunks and Bored Ape Yacht Membership PFPs that dominated the...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Top LTC Online Gambling Sites for 2022

Top LTC Online Gambling Sites for 2022

May 15, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

June 1, 2023
Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

June 1, 2023
Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle to launch ‘official version’ of USDC natively on Arbitrum

June 1, 2023
Fine art on Solana, AI music, podcast + book reviews – Cointelegraph Magazine

Fine art on Solana, AI music, podcast + book reviews – Cointelegraph Magazine

June 1, 2023

Recent News

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

June 1, 2023
Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

June 1, 2023
Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle to launch ‘official version’ of USDC natively on Arbitrum

June 1, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.