Dec 9, 2022
Introducing Ethereum Fair (ETHF) — Part 1.
Ethereum Fair is a cryptocurrency based on a PoW consensus algorithm derived after Ethereum hard fork. Poloniex, a virtual asset exchange owned by Justin Sun, the founder of Tron, has been listed and began to draw attention.
Ethereum Fair (ETHF) Launch Background
First, to explain “merge,” it is an upgrade that changes the Ethereum network’s consensus algorithm from a proof of work (PoW) method to a proof of equity (PoW) method. Ethereum Fair is one of the cryptocurrencies that was built (hard fork) as a new blockchain separated from the existing Ethereum during the Merge upgrade process.
On September 15, 2022, the Ethereum Foundation successfully completed the Merge upgrade, which switches from the existing work proof agreement algorithm to the equity proof method. However, some groups of miners opposed the conversion to the equity certification method, and as a result, they declared that they would remain in the work certification method separately from Ethereum. As a representative example, Chandler Guo, an early cryptocurrency miner in China, led the Ethereum hard fork based on proof of work after Ethereum Merge to create a new cryptocurrency called ETHW. ETHW was named by combining Ethereum’s ticker EHT and PoW’s W, which means proof of work. Immediately after Ethereum’s merge success, ETHW would become a major proof of work hard fork cryptocurrency, and major cryptocurrency exchanges would also list ETHW, and major exchanges in Korea also announced ETHW’s airdrop news through announcements.
What is notable is that Ploniex, which had decided to proceed with airdrop of ETHW from the beginning of the plan, announced that it would list ETHF as well as ETHW and resume fair trading services. ETHW was not the only virtual asset generated through a hard fork, and ETHF, a separate work proof cryptocurrency, began to attract attention. Starting with Polonix, Ethereum Fair was listed on cryptocurrency exchanges such as Huobi and Gate IO (Gate.io), and Ethereum’s hard fork camp was divided into Ethereum P.O.W. and Ethereum Fair.
The Future of Ethereum Fair (ETHF)
Since the official launch of Ethereum Fair (ETHF), the world’s first successful Ethereum Fork has already recorded numerous successes
Ethereum Fair (ETHF) looked back on the milestones recorded in a short time through the community and announced that it was just beginning. And it promised a vision for the future for Ethereum (ETH) miners and Ethereum Fair (ETHF) community investors.
The goal of Ethereum Fair is not simply to become Ethereum’s hard fork. The goal is to take over the responsibilities and values that were characteristics of Ethereum and create an ecosystem that supports and maintains the PoW mechanism, while securing fairness in compensation for Ethereum miners, developers, and investors in the community.
Ethereum Fair has received much attention as the world’s first Ethereum fork from the beginning, especially as the only fork that maintains the Ethereum (ETH) code most perfectly. In addition, Ethereum Fair is the first and only project to participate in the research and exploration of the Proof of Work (PoW) mechanism. Moreover, it relied on a technology community with strong Proof of Work (PoW) consensus to ensure rapid acquisition of native users and keep the project long.
It also proved the value of Ethereum Fair by listing famous global virtual asset exchanges such as Tokencan, Huobi, Gate.io, and Poloniex. So far, Ethereum Fair has created more than 200 million wallet addresses, more than 50 million smart controls, and more than 1.6 billion transactions have been made. And this achievement was made in a short time.
Ethereum Fair announced that it is recruiting cryptocurrency users around the world, has well over 30,000 active community members and users, and continues to establish collaborations and partnerships with various companies such as communities, wallets, exchanges, and R&D teams.
Ethereum Fair was confirmed to be listed on Tokencan exchange, at 3 p.m. on December 12, 2022 (GMT+9). We expect Ethereum Fair to become a project partner and grow together in the global market, not just listing on the exchange as a project.
In the next posting, Ethereum Fair’s technology roadmap and cooperation direction with Token Can Exchange will be posted in more detail.
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