Can ETHPoW’s latest development work wonders for a struggling ETHW
Ethereum proof of work [ETHW] managed to make some noise in cryptocurrency market. In a tweet posted on 1 October, the new-found ETH chain, announced the launch of its first batch of dApps and services. The dApps would range from bridges,dex’s to NFTs.
<p lang=«en» dir=«ltr» xml:lang=«en»>We just released the 1st batch of the eco Dapps and services. https://t.co/0x0Ym05CKxFeel free to add other Dapps in the comments – 1. Website 2. Functionality (keep it short, eg. dex) 3. A link to your product tutorial for ETHW users#ethw #ethpow $ethw #ethereumpow #buidl https://t.co/nNA6cUAS5Q
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) October 1, 2022
Even though the ETHW community posted links to all the new dApps and services on their platform, there was a catch. ETHW stated that they wouldn’t be able to verify the legitimacy of all the projects listed on the network.
<p lang=«en» dir=«ltr» xml:lang=«en»>The list is for your information only. We cannot endorse or verify the legitimacy of the projects listed. DYOR DYOR DYOR #DYOR— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) October 1, 2022
It also appeared that the ETHW team had been pooling their resources to encourage building on their ecosystem. However, will ETHW reacted positively to this massive ecosystem move made by the community?
According to OKLink, a blockchain information website, the total number of addresses grew by 5,059 as of 2 October. However, the total number of active addresses observed a massive decline. The total number of active addresses depreciated by 13,000 and stood at 34,000 at the time of writing.
On the contrary, ETHW’s network hashrate was witnessing growth since 20 September, with slight or no volatility. This could indicate
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