ETHW vs. ETC: Which way would miners choose going forward?

The much-awaited Ethereum [ETH] Merge is across the nook. Nevertheless, the mining neighborhood is continuous to seek for new options to maintain their operations going.

Whereas a number of miners are coming into different networks, equivalent to Ethereum Traditional [ETC] and Ravencoin [RVN], some are siding a tough fork, Ethereum PoW. Just lately, the ETHW neighborhood printed an open letter addressing the Ethereum neighborhood relating to sure selections and updates of their plan.

Pumped and Prepared

Because the ETHW neighborhood builds its ecosystem, it introduced that no contract pool on the ETHW could be restricted in any method. The neighborhood additional opposed the concept of integrating the contract freezing know-how into the primary core.

Furthermore, the letter additionally talked about absolute adherence to the current ETHW ledger and the absence of any centralized or regulated know-how. Apparently, the ETHW neighborhood additionally acknowledged that they’d welcome wallets from any consumer. These embody abnormal wallets, on-chain multi-signature wallets, and even hackers’ wallets.

Moreover, if one other DAO like scenario had been to occur within the close to future, ETHW clearly revealed their intentions. This includes not rolling their again the ledger, which occurred earlier when ETH was created.

ETHW Core: An open letter to the Ethereum neighborhood [2/9]:

Remaining Choice on Whether or not to Freeze ETHW Liquidity Swimming pools#ethw $ethw #eth $eth #Ethereum #ethereummerge #ethpow #ethereumfork

1/n pic.twitter.com/YntDFD1Oqa

— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 8, 2022

Not every part is ok

MarkerDAO just lately revealed a brand new document which highlights the potential threats that may come together with the Merge. Moreover, a brand new PoW token may very well be created.

As soon as the Merge takes place, a forked Ethereum PoW chain seems to be imminent, with a non-zero likelihood that it’ll use the identical chainId because the PoS chain.

What are the implications of this threat for the Maker Protocol, Dai, and MKR holders?

🧵↓

1/

— Maker (@MakerDAO) September 8, 2022

Furtehrmore, when forked tokens are created, they’ll enhance the possibilities of a replay assault. A replay assault is taking a transaction from one community and utilizing it on one other community.

The forked Ethereum PoW community will be replayed on the Ethereum PoS community in the event that they share the identical chainId. The ETHW additionally identified this station in a latest tweet.

About Chain ID, EIP155, and replay assault –

EIP-155 https://t.co/ONtfEjebLf

The arduous fork that EIP-155 was carried out – https://t.co/WXRmvCVA1L

EIP-3788 – https://t.co/rxOGRRqRcr

1/n

— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 9, 2022

Winner winner, who will get a fork for dinner?

Although ETHW has been within the limelight for fairly a while now, ETC nonetheless appears to steal the present with an enormous surge in its hashrate and regular value surge.

As evident by the chart, ETC’s whole hashrate elevated over 100% previously few months, suggesting the token to be the miner’s most popular possibility.

Supply: 2Miners

Whereas evaluating each the token’s costs, ETC registered huge development, and ETHW’s value continued to say no since its launch.

On the time of writing, ETHW was buying and selling at $28.18, with a adverse 18% 24-hour efficiency. ETC was priced at $38.76, with optimistic 5.5% 24-hour positive factors.