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<p class="is-style-lead">EthereumPoW will disband its core development team to achieve full autonomy for the network.</p> 
<p>The <a href="https://medium.com/@ETHW/ethw-core-dissolution-statement-46f6ab80924" target="_blank" rel="noopener">announcement</a> today reflects the EthereumPoW (ETHW) community’s desire for a decentralized governance structure. Following the dissolution, ETHW will become a fully autonomous public chain. This move also aligns with their commitment to uphold proof-of-work (PoW) as the underlying consensus mechanism for the chain, ensuring its stability and longevity.</p> 
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   <p lang="en" dir="ltr">ETHW Core Organization Dissolution Statement<a href="https://t.co/tmdMaMpbuf" target="_blank">https://t.co/tmdMaMpbuf</a><a href="https://twitter.com/hashtag/ethereumpow?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ethereumpow</a> <a href="https://twitter.com/hashtag/ethw?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ethw</a><a href="https://twitter.com/EthereumPoW?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@EthereumPoW</a> <a href="https://twitter.com/ETHW_cn?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ETHW_cn</a></p>— EthereumPoW (ETHW) Official (@EthereumPoW) <a href="https://twitter.com/EthereumPoW/status/1737091687699390647?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 19, 2023</a>
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<p>During this transition period, OneDao, a decentralized protocol on the Harmony network, will temporarily take over the maintenance of the existing <a href="https://crypto.news/price/ethereumpow/">EthereumPoW</a> servers. This is a temporary solution until long-term ecological partners are identified who align with ETHW’s vision of a decentralized ecosystem.</p> 
<p>The EthereumPoW blockchain was created following the Ethereum network’s shift from PoW to a proof-of-stake (PoS) consensus mechanism in September 2022. Despite challenges, including limited support from major entities like Grayscale Investments, EthereumPoW has continued its operations. The ETHW token reached a high of $58.54 in September 2022 and has since fallen in value.&nbsp;</p> 
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EthereumPoW dissolves core team, embraces full autonomy

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