3 reasons why Ethereum PoW hard fork tokens won’t gain traction

2022.08.31 06:54

3 reasons why Ethereum PoW hard fork tokens won’t gain traction

Ether (ETH) is the second largest crypto by market capitalization and the absolute leader in decentralized applications by deposits. Becoming a victim of its own success, the network experienced a fee hike in November 2021 when the average transaction costs surpassed $50.

That’s precisely why the Merge is a critical step to implementing a fully functional scaling solution. The confirmation of a transition to a proof-ofstake (PoS) consensus was the main driver for the rally toward $2,000 on Aug. 15.

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