Ethereum, The Clone Wars: Bloodbath on ETHPOW, ETHFair (ETF), Classic (ETC)

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Appearance a few days ago Ethereum new left – Plus an unforgettable keepsake for its viewers – A series of heirs in the form of different “prongs” of the original network. These more legitimate descendants are now somehow trying to preserve and revive the primordial heritage of their common ancestor. The first steps, marked by difficult market conditions and none of which seem to be able to emerge unscathed.

that all thorns

“Once there are more than two, authenticity evaporates” Explained in his time the writer Michael Pollack. Wise words, which crypto project creators don’t seem to care about, as much of the industry’s innovative energy often boils down to trying to replicate – Generally noticeably worse – or to occupy a still hot vacant niche due to this or that content of the industry, he went to conquer other territories (the note also applies in terms of the NFT set, but that’s another topic).

Such is the case with Ethereum forks, which, unlike Ethereum Classicwhose We sang the praises Recently, they seem to find it very difficult to keep their heads above water, a few days after they are born.

In fact, you know, we live now In a post-Ethereum merger world.

The second capitalization of the cryptocurrency market has, without any hindrances, made its downfall, taking it from its original model to proof of work (PoW, like the sheikh Bitcoin), to a model considered more efficient proof of stake (PoS) presented by its designers as being more suited to the challenges of tomorrow, particularly in terms of environment and energy.

Judging by the long-term significance of these last points, some side effects have already been felt in the ecosystem, in this case the emergence of several Ethereum forks, which share the maintenance of the initial PoW consensus model. Among them, ETHPow And the EthereumFair.

Classic, ETHPOW, Ethereum Fair: 3 ethers in the Desert

We were already talking in detail about ETHPow a few weeks agoas the designated potential heir and heir to the ancestral legacy created by Vitalik Buterin.

A ‘project’ is as fitting to keep the ‘real’ Ethereum torch alive as it fills the miners left behind in the transition process (of course, there have always been annoying people to shyly mention). Ethereum Classic Like the real real Ethereum, but let’s move on).

Anyway, nowThe disappointment is obvious. ETHPOW has been valued at IOU for the past few months at around $55, and is currently in full swing, just under $5, down 45% this weekend.

Ethereum ETHPOW price on September 19, 2022

Another pretender with the crown, Ethereum Gallery (ETF) which, if it fails to be a prince charming in the eyes of the market, is more like a prince who comes out (do you have that?). In fact, with the current price below $2, the Ethereum Fair doesn’t have many deals at the moment.

Ethereum fair cycle

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Let things be heard: loosely maintained, lacking the slightest guarantee of safety and likely not going anywhere, Le Journal du Coin discourages you from playing with the fire (and forks) of Ethereum.

However, as a fork worthy of that name, you can Take advantage of token customization If you hold ETH in your wallet not imprisoned (If you use fork-enabled platform services, such as Binance For example, you don’t have to do anything).

If you want to see these tokens, maybe transfer them to exchanges that support trading (FTX For example, for ETHPOW where Poloniex for Ethereum Fair), just add the two networks on Metamask.

To do this, open Metamask and go to Options “Add a network”

Add a network on Metamask

You will be taken to a page where you will need to enter some technical parameters.

To add ETHPOW network information

To add Ethereum Fair network information

These settings have been made, you should see your tokens appear. It is now up to you to decide if it is necessary to dispose of it before its value diminishes further, or if you prefer to play the long-term hold card, hoping for a winning payout.

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