The announcement that the EthereumPoW core developer team would be terminated had a negative impact on the ETHW price.
Operating through the Proof of Work (PoW) mechanism and Ethereum (ETH) One fork the one which… EthereumPoW The management team made a remarkable decision. via Medium on December 19 In the statement, it was stated that EthereumPoW can continue to work without the core developer team, and as a result of the vote Termination of PoW developer team It was emphasized that the decision had been made.
However, existing servers may be used temporarily until long-term ecological partners are identified. will be transferred to OneDao specified:
Over the past year, the EthereumPoW (ETHW) Core team has worked diligently to fulfill the commitments made during the initial fork. We investigated and verified the feasibility of operating ETHW independently without Core’s support, confirming the basic technical and operational conditions for ETHW in such a scenario. After in-depth discussion and based on majority consensus, we reached a unanimous decision.
ETHW, Ethereum The Merge It was born as an alternative option after the upgrade. The project has been managed by a core developer team since day one. ultimate autonomy A plan for such a liquidation had been talked about for some time.
While the team stated that they took this step for greater decentralization ETHW price from the situation was badly affected. According to CoinGecko data, with the influence of news flow 10% depreciating ETHW, in a short time $2.81 from level for $2.54 declined. ETHW while writing from $2.63 is being traded.