EthereumPoW (ETHW) is a hard fork of the Ethereum blockchain that emerged following the Ethereum Merge, which transitioned the main Ethereum network to a proof-of-stake (PoS) consensus mechanism. ETHW retains the original proof-of-work (PoW) consensus mechanism, which relies on miners using powerful hardware to solve complex cryptographic puzzles to validate transactions and earn ETHW rewards.
**Recent News**
* **October 4, 2023:** ETHW price reached an all-time high of $117.17. * **November 15, 2023:** ETHW announced plans to remove the scheduled difficulty bomb, which would have made mining on the network increasingly difficult. * **December 12, 2023:** ETHW integrated Chainlink's decentralized oracle network to provide real-time price feeds for ETHW.
**Risks**
* **Competition:** ETHW faces competition from other PoW cryptocurrencies, such as Bitcoin and Litecoin. * **Centralization:** The ETHW network is controlled by a small group of miners, raising concerns about centralization. * **Regulation:** The cryptocurrency industry is subject to increasing scrutiny from regulators, which could impact the future of ETHW.
**Investment Disclaimer**
Investing in cryptocurrencies is a highly risky endeavor. Cryptocurrency prices are volatile and can fluctuate significantly. Investing in cryptocurrencies should be done with caution and only after careful consideration of the risks involved.
Please note that the information provided is for informational purposes only and should not be considered financial advice.
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