The post Why did Ethereum’s PoW Token (ETHPoW) Record a 40% surge Today? appeared first on Stablecoin Vs Fiat Currencies: Features, difference, And Factors
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.