2 years ago
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) mentation of Ethereum is “coming soon.” The quality comes arsenic The Merge is expected to beryllium implemented connected Ethereum during the week of September 19, and the increasing discussions of delaying the highly anticipated proof-of-stake (PoS) transition.
Chinese Miner Chandler Guo Says ‘Ethereum PoW’ Is Coming Soon
Chandler Guo has stated that an Ethereum proof-of-work (PoW) mentation volition beryllium “coming soon” up of The Merge that’s been penciled-in for the week of September 19. Guo is simply a known Chinese cryptocurrency miner and past week helium wrote that helium had forked once, and “will fork it again.” However, Guo’s connection is contradictory to however it officially played retired successful the summertime of 2016, erstwhile the Ethereum Classic (ETC) concatenation was introduced to the world.
I americium Chandler Guo, a 51% onslaught connected Ethereum Classic (ETC) is coming with my 98G hashrate https://t.co/9VM6vPa8CS
— Chandler Guo (@ChandlerGuo) July 24, 2016
At that time, Guo threatened to 51% onslaught the ETC concatenation with astir 98 gigahash of hashrate successful July 2016. The pursuing month, Guo told the nationalist that helium was “made a mistake” and added: “This is not a joke. This is simply a revolution. This is freedom. God bless ethereum classic,” Guo added astatine the time. Despite however it went down, Guo did play immoderate benignant of relation during ETC’s aboriginal days.
Individuals Respond to Guo’s Tweet Saying a PoW Version of Ethereum Already Exists successful Ethereum Classic
Most radical were confused by Guo’s commentary that said a PoW mentation of Ethereum was coming soon. “There’s ETC already. The existent immutable Ethereum,” 1 idiosyncratic responded to Guo portion sharing an article that says Bitmain’s Antpool would enactment ETC by injecting $10 cardinal into the Ethereum Classic ecosystem. Guo has been sharing different tweets astir a PoW mentation of Ethereum and said “ETH PoW is DAO.”
ETC has already received immoderate PoW hashrate during the past fewer weeks arsenic the chain’s hashrate is astir 26.07 terahash per 2nd (TH/s) of hashpower. ETH’s hashpower is coasting on astatine 1.01 petahash per 2nd (PH/s) oregon astir 1,000 TH/s. ETH is up 52% against the U.S. dollar during the past period and successful the aforesaid clip frame, ETC has gained 134% against the dollar.
— OmniEdge – Free humanity 🌞🧡
️🌋🔑⚡ (@CryptoHolon) July 31, 2022
ETC has seen enactment from assorted parts of the ecosystem and Grayscale launched an ETC spot successful January 2017. Ethereum Classic has a overmuch little hashrate than Ethereum contiguous and ETC has suffered from a 51% onslaught successful the past. In fact, ETC has been 51% attacked connected galore occasions and faced delisting from respective exchanges successful January 2019 and August 2020.
i fork ethereum once，i volition fork it again！ https://t.co/3DdlZ3zMz9
— Chandler Guo (@ChandlerGuo) July 27, 2022
In summation to Guo’s commentary, the crypto hedge money Galois Capital shared a survey connected the aforesaid time that besides discussed the anticipation of an Ethereum concatenation split. At that time, Paolo Ardoino, main exertion serviceman of Tether explained that his institution would enactment the PoS mentation of Ethereum pursuing The Merge.
What bash you deliberation astir Chandler Guo talking astir an Ethereum PoW chain? Let america cognize your thoughts astir this taxable successful the comments conception below.
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