In a groundbreaking move that has resonated across the blockchain world, altcoin EthereumPoW (ETHW) has officially announced the disbandment of its core development organization, signaling a significant step towards full autonomy. This decision comes as a result of meticulous planning and dedicated efforts over the past year and demonstrates the project’s commitment to fulfilling the promises made during its initial fork from Ethereum. Here are the details…
The core team in the altcoin project is disbanding
As we reported as Kriptokoin.com, there have been critical developments in ETHW, one of the most searched coins in Turkey, especially on CoinGecko. According to the latest statements, the core team is disbanding. The unwavering dedication and extensive research of the ETHW Core team has resulted in verification of the project’s ability to operate independently. The unanimous decision to disband the core development team is a testament to the maturity of the conditions deemed necessary to achieve full autonomy. This move underlines his confidence that the project can develop without external support.
A key component of this groundbreaking consensus is continued trust in Proof-of-Work (PoW), the chain’s core consensus mechanism. This decision reflects the project’s commitment to maintaining stability and longevity and demonstrates a strategic approach to technological sustainability. In an effort to become a godless public chain, ETHW is committed to embracing decentralized governance. This approach emphasizes inclusivity and community participation in decision-making processes, in line with the core principles of the cryptocurrency movement. This shift positions ETHW as a pioneer in promoting community-driven governance in the blockchain ecosystem.
What will the transition phase be like?
As part of the transition to full independence, ETHW will temporarily transfer its existing servers to OneDao for maintenance. This strategic move ensures operational continuity during the transition period until sustainable, long-term ecological partners align with ETHW’s vision. Jadal Page, one of the key figures in EthereumPoW Core, expressed deep optimism about this transformative decision. “Over the past year, our team has carefully evaluated and prepared for this transition. “We are confident in our ability to maintain the integrity of the chain as we embrace a new era of self-sufficiency,” he said.
EthereumPoW dropped 7 percent
In response to this landmark announcement, EthereumPoW has fallen 7% at the time of writing. Market observers are monitoring the situation closely and predict further developments as the project progresses through this transformation phase. In fact, this development is not a negative item, as it is a step towards decentralization in the coin. However, the disbandment of the team may have been perceived negatively by some investors.
This important decision by EthereumPoW marks a paradigm shift in the evolution of blockchain ecosystems. With a steadfast commitment to autonomy, the future holds promise for a decentralized, self-governing blockchain that stands as a testament to the core tenets of the cryptocurrency movement.
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