Cryptocurrency News

EthereumPoW team plans to freeze selected contracts, community pushes back

08/17/2022

Less than a minute

2022.08.17 22:50

EthereumPoW team plans to freeze selected contracts, community pushes back

Ethereum (ETH) is all set to transition to a proof-of-stake (PoS) network by Sept. 15-16 that would see an end to its current proof-of-work (PoW) chain. This event would eliminate PoW mining from the Ethereum ecosystem.

In light of such a major upgrade, the PoW proponents, especially miners, have decided to keep the PoW chain alive. EthereumPoW (ETHW), the core PoW team on Tuesday recommended ETH holders withdraw their assets from liquidity providers (LPs) such as Uniswap Sushiswap, Aave, Compound, and other decentralized exchanges (DEX).

08/17/2022

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