Ethereum Technology Adoption Ethereum 2.0 proof-of-work

Ethereum post-Merge hard forks are here: Now what?

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cointelegraph.com

On the first day after the Merge, the decentralized finance (DeFi) community is settling into the seemingly uneventful transition of the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS).

However, it has yet to be seen the benefits that hard forks will bring to PoW supporters.So far, the most important contending networks in favor of the mining community, EthereumPoW and Ethereum Classic, have shown different outcomes post-Merge.The fledgling EthereumPoW started its debut with Twitter users reporting issues with accessing the network.

The issues were confirmed to be the result of a hack to the network but was reportedly resolved.Major cryptocurrency exchange OKX has already started providing on-chain data for the new network.

Though the current transaction activity of the crypto asset seems stable, the PoW spin-off’s price value has been in constant decay since its launch, going from a price of $137 at its peak to $5.87 at publishing time, according to CoinMarketCap.Moving forward, there is no clear infrastructure or roadmap plan for the ETHPoW network.

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