The EthereumPoW Core team announces its dissolution

[Alvaro]

The EthereumPoW Core team has declared its dissolution, leading to a decline in the value of the cryptocurrency ETHW. According to the team, over the past year, the EthereumPoW (ETHW) Core group has made continuous efforts to fulfill their commitments made during the initial hard fork.

After independently testing and confirming the feasibility of ETHW’s operation without the need for team support, they concluded that the conditions for the organization’s dissolution were ripe, and it was the opportune time to carry out their commitment.

The decision to dissolve received consensus from the team, including:

1. Dissolving the development team of EthereumPoW (ETHW) Core to achieve complete self-governance.
2. Maintaining Proof of Work (PoW) as the fundamental consensus mechanism for the chain and sustaining it in the long term.
3. Embracing decentralized management to become a self-operating public chain.

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[Jame28741]

@Alvaro

After independently testing and confirming the feasibility of ETHW’s operation without the need for team support, they concluded that the conditions for the organization’s dissolution

Perhaps it’s positive news, ETHW now could work independently.

[danny.npadigi]

One day it would surpass the price of $KASPA.

[CryptoGuru]

No, it would go up and down quickly due to the nature of ETHW being favorable to miners by stopping the burning of transaction fees (EIP-1559 eliminated).

One should stay away from this coin, otherwise, could be a victim of FOMO from “Pump and Dump” - and the core team now is staying away from blaming.

[Alvaro]

@CryptoGuru

No, it would go up and down quickly due to the nature of ETHW being favorable to miners by stopping the burning of transaction fees (EIP-1559 eliminated).

@CryptoGuru Thanks for your deep sharing. Anw, ETHW does not have much DApp in it’s ecosystem.