ETH PoW Fork Supporters Cancel EIP-1559 Proposal | news

The developers behind the possible PoW fork of Ethereum (ETHW) have just published the cryptocurrency’s manifesto.

According to them, the Ethereum Foundation has abandoned “decentralization.” They have also recalled the collapse of The DAO. At that time, the byproduct of the Ethereum fork was the emergence of Ethereum Classic.

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The authors of the paper have said:

“There is nothing decentralized about decision-making; community-based governance is only nominal; ideology and everything else is abandoned in favor of higher token prices.”

Presenting themselves as “a truly decentralized community of volunteers,” the developers have given the main points of the cryptocurrency manifesto, including the lack of premining and inflation, support for the proof-of-work (PoW) algorithm as well as the cancellation of the EIP-1559 proposal, which involves burning a portion of transaction fees.

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