US Dollar Value of Recently Airdropped Coin Native to Forked Ethereum Proof of Work (PoW) Blockchain Will Match That of Ethereum, Instigator of Latest Ethereum Hard Fork said Chandler Guo. Guo added that he expects the current “very cheap” token to increase in value 100 times in 10 years.
Rapid increase in ETHW trading volume
According to Chandler Guo, the self-proclaimed organizer of Ethereum, the recent hard fork of Ethereum (ethereum) and the recently airdropped Proof of Work ETHW will be worth the same USD over 10 years. Guo argued that the new token, which is currently trading at a fraction of the September 15 high, could grow 100-fold.
In an interview with Bitcoin.com News, Guo claimed that the current price of the forked coin is “very cheap” and has room for 100x growth. Nonetheless, former Bitcoin and Ethereum miner Guo believes that forked blockchains have a lot to do to catch up before this 100x growth of his is achieved. I admit it. he explained:
Current, ethereum High price due to many developers and over 200 different projects running on Ethereum PoS [proof-of-stake] blockchain. ETHW, on the other hand, has less than 10 projects.
Still, just four days after the merge, Guo said, just four days after the merge, ” ethereum Proof of work chain already has 2 DEXs [decentralized exchanges]two bridges, and two NFTs [non-fungible token] The exchange has already started. “
He added: “Things are phasing and in a year I think he will have over 100 projects running on the PoW chain.”
In addition to the launch of exchanges and bridges on new chains, the protocol’s daily trading volume has increased since the merge. His Coinmarketcap data for Sept. 21, 2022 suggests that his daily trading volume of ETHW is just over $100 million, but Guo said the actual volume was just above his $100 million mark. of nearly $1 billion.
“[Already] The trading volume of ETHW is huge. Today, it’s nearly $1 billion. [As of today] ETHW [is] Supported by over 20 mining pools and 2000 miners worldwide. Over 30 exchanges list his ETHW,” claimed the former miner.
A Month Before The Merge, Bitcoin.com News report A team led by Guo has confirmed that another Ethereum chain split is imminent. did.
Commenting on the prospects for other coins, Guo, who came to prominence after participating in the 2016 hard fork of the Ethereum blockchain, said:
I know another team has branched out ethereum But no one is mining there and no one lists the tokens. Only a few exchanges and mining pools.this [the success of a fork] it all depends on who forks ethereumI did not fork this so that I can benefit from this. But others fork for their own benefit or interest.That’s why they get rich out of it — I don’t [do] that.
On the other hand, before the Ethereum blockchain switched from PoW to PoS consensus mechanism, it was widely reported that the protocol’s energy usage dropped by more than 99%. As expected, climate change advocates are praising his Sept. 15 merger, and some miners now fear emboldening opponents of the PoW consensus mechanism.
When asked to answer the argument that bitcoin mining harms the environment, the former miner flatly rejected this claim. , said it often prefers to use cheaper “abandoned energy” instead of buying electricity, especially from China.
The abandoned energy could be natural gas or hydropower that is currently unused, he said. According to Guo, communities are benefiting in areas such as Kazakhstan and Russia where miners use such energy to mine bitcoins.
Meanwhile, regarding reports that the Ethereum merger may have given the U.S. Securities and Exchange Commission (SEC) grounds to initiate or initiate some proceedings against the blockchain co-founder, Guo said: said to
“I think it’s Vitalik [Buterin] And the boss behind him, his name is Joseph Rubin. This guy has a Wall Street connection, so he knows how to solve this problem. He knows how to deal with the SEC. “
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