Dogecoin News: EthereumFair (It will be avant-garde to bring the sought-after graphics card extraction function to the memecoin dog theme and even be EVM compatible.), a recent fork of the Ethereum blockchain that works on the Proof-of-Work consensus, claimed that it will establish a DAO to fork Dogecoin and change its algorithm. This will be spear-headed to bring the coveted graphics card mining feature for the canine-themed memecoin and even be EVM-compatible.
ETHF Plans On Dogecoin Fork
EthereumFair, which was developed by a decentralized autonomous organization (DAO) based in Silicon Valley, keeps the Proof-of-Work (PoW) consensus mechanism while continuing the Ethereum code from the time the network forked on September 15. As per Ethf's recent announcement, A new dao organisation will be set up where technology is used, communities, project parties, exchanges, miners, and capital will be welcome to take an active part in the new forklift proposal.
Touting it as a global movement and an important reshuffle of liquidity, the reason behind the fork comes as a pledge to preserve the PoW mechanism for the altcoin till the end of time. Moreover, adding a graphics card mining facility had been an age-long request from the Dogecoin (DOGE) community, and the said fork is said to work on making it a reality. Furthermore, since the viral cryptocurrency is compatible with , it motivates the miners to utilize their computing power for the memecoin. It should also alleviate the growing contradiction between many retail and central investors.
It should also alleviate the growing contradiction between many retail and central investors.
The forthcoming split will keep the 1:1 ledger, but there will be some detailed alterations made from the Bitcoin series algorithm to the Ethereum series algorithm, as mentioned in the official , which is slated to take place sometime soon.
"Dear Community #Ethfairs#Dogecoin
We are excited to announce a fork of the #Dogecoin blockchain. The main reasons for the fork are as follows:
— EthereumFair($ETHF) #PeoplePOW (@EthereumFair) February 4, 2023
Currently, the team behind EthereumFair project is working to consolidate technical benefits, optimize the mining model, and reduce the ETHF mining difficulty coefficient in order to support the innumerable developers, DeFi projectsNFT contracts, and active nodes that populate the Ethereum landscape. The main causes of the range are:— ethereumfair($ethf)
In minutes following the release of this particular Dogecoin news, the price of Dogecoin (DOGE) moved to $0.094 at the time of composition. In the minutes that followed the publication of this new dogecoin, the price of dogecoin (doge) rose to $0.094 at the time of writing.
Also Read: What If Elon Musk Made Dogecoin (DOGE) The Official Twitter Currency?
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