Why did Ethereum suddenly announce that it would terminate POW mining by the end of the year? Will it come true?

Why did Ethereum suddenly announce that it would terminate POW mining by the end of the year? Will it come true?

On April 30, Ethereum developers said that they would terminate POW mining by the end of the year, and the ETH Foundation forwarded it, sparking widespread discussion. Wu said blockchain consulted many industry veterans, and generally believed that the procrastination of Ethereum developers would make it impossible to end POW and complete the transition to POS by the end of the year. Previously, the industry generally believed that the transition would be at the earliest in mid-2022 to the end of the year. Jiang Zhuoer told Wu said blockchain that there may be two possibilities for Ethereum developers to speak at this time. The first is to hope to complete the launch of ETH2.0 before the end of the bull market at the end of the year; the second is to lower the expectations of miners and remind them of risks. Finally, with routine delays, miners' resistance may be reduced. In addition, Wu said blockchain believes that recently, Bitmain and others have announced that they will release Ethereum ASIC mining machines. Ethereum developers may reduce the heat from the perspective of reminding investment risks to avoid some buyers from losing money at that time and causing turmoil in the Ethereum community.

<<:  Bitcoin sucks blood and moves upward, needs to stabilize at $58,000

>>:  Ethereum official retweet: POW mining will end by the end of 2021, Chinese miners doubt or do not believe

Recommend

Interpretation of algorithmic stablecoins

Original author: BlockArk At 4 pm on December 31,...

What does a straight eyebrow mean for a girl?

We can see all kinds of people in real life. Of c...

Facial features of a greedy person

How to judge greed and lust from facial features....

Detailed analysis of ear fortune telling based on face reading

Big-eared person If a person has big ears, this p...

Which face is best at cooking dark cuisine?

There is a type of people who are good at cooking...

A diagram of a woman with a mole on the bottom of her chin

Moles are sometimes like naughty children, hiding...

The faces of people who are easy to get along with in life

Everyone has their own personality, but some peop...

Bitcoin Miner Revenues Fall to Market Cycle Low

Bitcoin mining revenue or “hash price” — a measur...

Can you become rich by looking at your face?

1. Whether you can become rich can be determined ...

Methods of fortune-telling about wealth and poverty

1: Face Reading Secrets 1: People with wide foreh...

Loyalty in love

In love, some people, once they fall in love with...