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The Ethereum Merge just fired all Ethereum miners after the merge happened. However, miners united to produce ETHPOW against the PoS. Will ETHPOW survive in the future?
ETHPOW or Ethereum Proof-of-Work is a hardfork from the Merge, which tries to maintain the Proof-of-Work consensus.
Chandler Guo is the leading figure who supported the Ethereum Classic in the past and supported the ETHPOW.
Why will ETHPOW fail?
ETHPOW has no infrastructure with a wallet or a block explorer before launch. As a result, there has not enough technical support for the ecosystem but only for cryptocurrency itself.
There has already been Ethereum Classic which was hardfork in 2016 after the Ethereum DAO was hacked and has had many miners since then.
The lack of developers and users will likely put ETHPOW into a downward spiral of blockchain usage until abandoned by users eventually.
Ethereum after the Merge
Despite the disappointing performance in the market, the Ethereum supply side has been dramatically reduced due to the current inflation occurring in the fiat currency, which dragged the growth down.
The key to economic sense is to slowly and steadily grow the ecosystem rather than inflate its growth in the short term.
In conclusion
We need the patience to see how Ethereum will develop and not to focus on short-term growth.
Photo by Dan BurtonUnsplash
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2022 Prediction
2022 Prediction #1: L1 Scalability
2022 Prediction #2: L2 Bridges
2022 Prediction #3: Zero-Knowledge Proofs or ZKPs
2022 Prediction #4: Regulated Defi On-Chain KYC
2022 Prediction #5: Institutional Crypto Adoption
2022 Prediction #6: Defi Insurance
2022 Prediction #7: NFTs-Based Communities - DAO 1.5
2022 Prediction #8: Metaverse and NFTs
2022 Prediction #9: Web2 Companies’ FOMO
2022 Prediction #10: Time for DAO 2.0
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DAO The Way
DAO The Way Part 12
DAO The Way Part 13
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Learn How To Defi
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Crypto Comics
Crypto Comics - Who is Satoshi
Crypto Comics - What is Wallet
Crypto Comics - What is Coinbase
Crypto Comics - What is A Block
Crypto Comics - What is DeFi-2
Crypto Comics - What is Yearn Finance
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Crypto Comics - What is Encryption
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Crypto Comics - What is Stablecoin
Crypto Comics - What is ApeCoin
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Crypto Comics - What is APR
Crypto Comics - What is to The Moon
------------------------
Learn Web3 in 100 Days
Learn Web3 in 100 Days - #1 What is the Internet and How Relevant to Web3
Learn Web3 in 100 Days - Day 2: What are the Browsers and Servers
Learn Web3 in 100 Days - Day 3: What are HTTP Status Code
Learn Web3 in 100 Days - Day 4: HTML and CSS and JS
Learn Web3 in 100 Days - Day 5: What is programming
Learn Web3 in 100 Days - Day 6: Markup, Elements, Tags, and Hyperlinks
Learn Web3 in 100 Days - Day 7: Style Your Web
Learn Web3 in 100 Days - Day 8: JS
Learn Web3 in 100 Days - Day 9: SQL
Learn Web3 in 100 Days - Day 10: Front-End
Learn Web3 in 100 Days - Day 11: Front-End Framework
Learn Web3 in 100 Days - Day 12: More HTML
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Modern Economic Nonsense
Modern Economic Nonsense - Inflation and Incentives
Modern Economical Nonsense - The Astrologist's Way
Modern Economical Nonsense - The VUCA World
Modern Economical Nonsense - Zug Tax and How to Run your Own Monopoly
Modern Economical Nonsense - Participatory Economy
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Modern Economical Nonsense - Design A Reputation-Based System
Modern Economical Nonsense — The Money Problem
Modern Economical Nonsense — The Treasury Problem
Modern Economic Nonsense — Bitcoin vs. Real Estate
Modern Economic Nonsense — A very long term view
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Modern Economic Nonsense — A Show of Recession
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Modern Economic Nonsense — Inflation becomes irrelevant
Modern Economic Nonsense — A journey of money laundering
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Modern Economic Nonsense — Today's fear, tomorrow's cheer
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Modern Economic Nonsense — Government opens ideas to the public about cryptocurrencies
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A disappointed boring Ethereum Merge
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The currency crisis reaches its peak
My opinion about inflation in the future
------------------------
Yearn Finance Comic
Yearn Finance Comic - Part 1
Yearn Finance Comic - Part 2
Yearn Finance Comic - Part 3
Yearn Finance Comic - Part 4
Yearn Finance Comic — Part 5
Yearn Finance Comic - Part 6
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Curated Lists
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------------------------
Defi 101
Defi 101 - Part 1
Defi 101 — Part 2
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Thoughts
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The Myth of Inflation Hedge
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The Myth of NFT
End of the Crypto Market?
The End of the Stablecoin?
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How to deal with negative market sentiment
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Crypto VC Thoughts
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-------------------------------------------------------------------------------------Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
