Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Markuri33 on September 17, 2022, 02:07:47 PM
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The asset manager today filed a “distribution of rights” declaration with the SEC regarding its holdings of the forked Ethereum coins. Grayscale today said in a press release and SEC filing that it plans to claim and hold onto the rights to new EthereumPoW (ETHW) tokens born out of the Ethereum fork following the merge—and may sell these tokens and distribute the value to investors in the future.
ETHW is a new cryptocurrency which was created as a result of Ethereum’s merge this week. On Thursday, the second-largest digital asset by market cap moved over to proof of stake in a long-anticipated transition—eliminating the need for miners.
But a prominent Chinese miner last month invited left-behind miners to keep mining, fork Ethereum, and produce a new proof-of-work cryptocurrency: ETHW.more info (https://decrypt.co/109936/grayscale-ethw-fork-ethereum-fund)