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The launch of the Ethereum PoW cryptocurrency network has failed
The development team of the Ethereum PoW fork failed to launch the ETHW network. As it became known, IT specialists announced the launch of the ETHW network a few hours after The Merge, but even after 24 hours, the ETHW blockchain did not work.
Users reported the inability to connect to the Ethereum PoW on Twitter. «How do I access ETHW? I tried to add Ethereum PoW to Metamask, but nothing works!» wrote one of the cryptocurrency community members.
how to access to my ETHW? I tried to add this new chain to Metamask but it doesn't work!
— ilgiga (@ilgiga) September 15, 2022
It is worth noting that when announcing the launch of ETHW, the developers warned users that the network may take some time to launch, as well as to solve technical problems. Therefore, users can only wait. The price of the ETHW token fell by almost 68% overnight, so at the time of writing, Ethereum PoW is trading at $ 13.26.
As for the Ethereum Classics cryptocurrency, its mining hashrate has increased by 280% over the past 24 hours — all because miners will no longer be able to operate on the Ethereum network, which already operates on the Proof-of-Stake algorithm. At the time of writing, the value of ETH fell by 8.87% per day, with the cryptocurrency trading at $ 33.95.