Ethereum Post-Merge
Ethereum’s Merge was completed with the Paris upgrade on September 15 and switched the second largest cryptocurrency to a proof-of-stake (PoS) network. Transactions are now processed on the PoS network and authenticated by a staking mechanism. This eliminated Ethereum mining and replaced miners with validators.
Ethereum hasn’t been making too much noise besides the drop in its price. The price dropped from over $1,580 to $1,484 between 10:15 AM and 11:15 AM EST on Sept. 15. The Merge occurred around 3 AM EST, earlier that day.
ETHPow (ETHW), teased by miner Chandler Guo, forked the Ethereum network to never undergo the switch to PoS. The network experienced major issues from day one. The Chain ID selected for ETHW ended up being one that was already in use, leading to errors. Chain IDs are required to link crypto wallets to certain cryptocurrency networks.
A day before The Merge, September 14, ETHW was trading at highs of $49.81. The coin experienced an immediate and sharp drop to $9.93, once coins were released to users. ETHPoW’s price is hovering around $6.68 at the time of writing.
ETHPoW also experienced a replay exploit over the weekend which was alerted and resolved immediately. The replay exploits duplicated transactions, which could allow hackers to trick smart contracts into releasing tokens on one chain by executing a transaction on another chain. The core development team behind ETHPoW announced on Sunday that the vulnerability was on the bridge, not ETHW. The team has attempted to contact the bridge to notify them of the risks
EVGA announces they will stop GPU production
EVGA manufactured GPU’s (Graphics processing units) through a partnership with Nvidia. While companies like Nvidia and AMD design, build and sell the chips that sit on the board, the casing is built by third parties such as EVGA, Asus, Gigabyte, and MSI. The casing’s main purpose is to cool the GPU that it is housing, as well as to connect it to a computer's motherboard.
The company announced on its site that it would not carry the next generation of GPUs but will continue to provide and support existing current generation products.
