ETHPoW and ETH2: The story of miners vs. social consensus and trading opportunities

Not everyone welcomes the Merge, and ETHPoW—representing the token for the PoW chain that might continue to exist— is getting increasing attention. This has led to the emergence of new trading strategies and all-time low ETH futures prices vs. spot.
Source: Skew

Background - ETHPoW and ETH2: The story of miners vs. social consensus

Last week we gave a brief on the Merge: the switch from Proof-of-work (PoW) to Proof-of-stake (PoS) consensus on the Ethereum blockchain. However, not everyone welcomes the switch, and ETHPoW—representing the token for the PoW chain that might continue to exist— is getting increasing attention.

On July 27th, Chinese Ethereum miner Chandler Guo launched a campaign to hard fork the Ethereum blockchain. In the beginning, both chains would be identical, duplicating any holdings. However, although the network can be technically duplicated, the value cannot.

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