ETHPoW's hash rate and total value locked have risen significantly during its latest bull run.
Hard Fork News
During a hard fork, blockchain networks split into two different chains. A cryptocurrency hard fork results in two blockchains, in addition to two separate assets: the original and the forked asset. Cryptocurrency hard forks can be a benign, consensual upgrade spearheaded by the community, or the culmination of bitter debates that split a community into two separate chains and assets.
Multiple notable contentious hard forks have occurred over the years. In 2016, as the result of a hard fork, Ethereum (ETH) split in two, resulting in Ethereum and Ethereum Classic (ETC). And in 2017, due to another hard fork, Bitcoin (BTC) split into Bitcoin and Bitcoin Cash (BCH). Developers may cooperatively implement hard forks based on consensus from multiple parties. Communities may choose to hard fork cryptocurrency for a number of reasons, such as improving network speed.
Cardano’s Vasil hard fork seeks to enhance the platform’s transaction throughput speeds, DApp development capacity, security and general usability.9029
Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different.7399
Cardano’s newest hard fork is the blockchain’s most significant update since adding smart contract functionality last September.11324
With the countdown now under 24 hours for Cardano’s most ambitious upgrade, all three metrics necessary to launch the awaited Vasil upgrade have been met.11427
Nonetheless, ETHPoW is gaining adoption among top mining pools and crypto exchanges.18845
Bybit officially announced that it launched ETHW trading against the USDT stablecoin, planning to soon open ETHW deposits and withdrawals.5051
Together, ETHW mining pools already make up more mining capacity in terms of block share than Ethermine, which opted to shut down mining operations.8033
The Ethereum proof-of-stake consensus mechanism will cut energy consumption by a massive 99.95% compared to the proof-of-work system.19025
Forked coins have proven to be lucrative in the past. Holders of Ethereum came to possess an equivalent amount of Ethereum Classic when it forked in 2016.9383
Offering two separate Ethereum ETPs after the hard fork would allow ETC Group to ensure the most transparent and fair approach, the founder said.5186
The incredible LUNA rally took place amid a flurry of positive and negative events while technicals suggest a correction is coming.16544
ETC Group launches a new Ethereum ETP in preparation to the upcoming Ethereum Merge.6593
Aave has halted ETH lending until the Merge has gone through, while Compound Finance has opted to cap the number of loans and introduce a “jump” interest rate model.5396
The Bellatrix upgrade was the last major upgrade before the Ethereum Merge, which will transition the network’s consensus mechanism to proof-of-stake.6797