Ethereum forks
After the merger, which took place relatively recently, the second-capitalised cryptocurrency started operating on the Proof-of-Stake principle. But not everyone approved of this reform, and as for miners, they now have no familiar coin, so they are busy searching among PoW forks. But until now, Ethereum forks have also had a negative price fund.
Immediately after the merger, the decision was made to launch 2 additional networks:
- ETHW.
- ETHF.
The difference with the flagship altcoin is the refusal to switch, so things remain the same in that respect.
And many fans were indeed disappointed after the transition because of the increased risk of network centralisation. As for miners, they have no job at all now, because ETN was the most profitable for mining on video cards. And now they have to look for a new coin. And the best solution is Ethereum Classic, which was launched in 2016. And there are no refinements inside the system, while the operation is also stable and it is possible to compete.
And even after time, there is no way to say exactly what will happen next. And so far no optimistic forecasts are out of the question. But it is worth understanding what has happened to the main altcoin varieties.
Updated
Investors gave optimistic forecasts, but even with this in mind, the reform has not caused the value of the coin to rise. On the contrary, the coin fell slightly in value and gained ground afterwards.
Although the altcoin is now steady and maintains its second place, it is still unclear how things will go from here.
Classic
Even before the merger, many miners were interested in this option, significantly raising the hash rate of the network. And there was talk that ETCs would become more expensive after the upgrade. Of course it did, but after a while the price started to go down. At the moment, the coin is in 24th place in the overall ranking.
Ethereum PoW
Initially, it was supposed to be the main replacement for ETN, but it didn’t really pan out, as it failed to even reach the level of ETC. After the fork, the price dropped to $10,000, though it was previously at $137,000.
Ethereum Fair
And this fork disappointed the public as much as possible, as the value fell by more than 20 times in a month.
