ETHW Core Development Organization Dissolved for Autonomy
The Ethereum Proof of Work (ETHW) core development organization has been dissolved to help the protocol achieve full autonomy. This decision, based on a majority consensus, allows ETHW to operate independently without the Core’s support. The core team stated that this has been their commitment since forking from the Ethereum blockchain in September 2022. Additionally, they have resolved to uphold proof of work as the underlying consensus for the chain and maintain it in the long term. The existing servers will be temporarily transferred for maintenance while long-term ecological partners are identified.
Funding Difficulties for ETHW
Despite attempts to improve the protocol, ETHW has been struggling to raise funds to maintain servers and recruit engineers. In November, the team requested $200,000 for operational funds, as their balance had dwindled. However, this plea was met with criticism from Chad Edwards, who disagreed with the team’s development approach. Edwards questioned their actions in the current phase and the sudden demand for funds. He suggested that a specific development plan could attract support from the community.
Hot Take: ETHW Takes Steps Towards Autonomy
The dissolution of the Ethereum Proof of Work (ETHW) core development organization marks a significant step towards achieving full autonomy for the protocol. With this decision, ETHW can operate independently and uphold proof of work as the consensus mechanism. However, the team has faced challenges in securing funding for server maintenance and recruitment. The plea for $200,000 was met with criticism, highlighting the need for a clear development plan to garner support. As ETHW strives to establish itself as a decentralized autonomous organization, its ability to sustain operations and engage the crypto community will be crucial for its success.
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