Crypto Live News

Why did Ethereum’s PoW Token (ETHPoW) Record a 40% surge Today?

Written by: Qadir AK

Written by right arrow

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

  • author facebook
  • author twitter
  • linkedin

Sep 20, 2022

news-image

The ETH Merge wasn’t limited to the shift from proof-of-work [PoW] to proof-of-stake [PoS]. 

Miners decided to hard fork the original chain with the intention of retaining the PoW chain. Moreover, the EthereumPoW [ETHW] got much more attention than Ethereum after the Merge took place. With this, just over a span of a few hours, ETHW recorded a huge 40% rise. The sudden surge came as a surprise and the EthereumPoW network launched its own cross-chain bridge aided by the BridgeTech network. 

Earlier today, Binance announced on Twitter that they have opened the doors for the transactions for ETHW. 

Back to top button