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Summary of EthereumPoW (ETHW)
Key Points
- EthereumPoW (ETHW) is a hard fork of Ethereum blockchain that remains on proof-of-work.
- Supported by people who prefer PoW to PoS or want to keep both options.
- Cloned the state of Ethereum at the block height of the Merge.
- Circulating supply: same as proof-of-stake Ethereum minus 13,712,994 staked ETH.
- Secured by proof-of-work mechanism, without the scheduled difficulty bomb.
- Tradable on most major exchanges.
Numbers and Figures
- 13,712
About EthereumPoW (ETHW): The Beacon of Decentralized Freedom
Introducing ETHPoW (ETHW): A New Era in Ethereum Mining
EthereumPoW (ETHW) constitutes a hard fork of the Ethereum blockchain, precipitated by the Ethereum Merge. This pivotal event witnessed Ethereum’s transition to a proof-of-stake consensus mechanism, whereas the forked version has opted to persist with the proof-of-work paradigm.
Delve into the Future of Blockchain: A Comprehensive Guide to the Ethereum Merge
The Visionaries Behind ETHPoW: Unveiling the Founding Team
EthereumPoW enjoys global support from individuals who advocate for the Proof of Work (PoW) consensus mechanism over Proof of Stake (PoS), or those who prefer to maintain both options, thereby offering builders and users on Ethereum a choice.
Unveiling the Uniqueness of ETHPoW
EthereumPoW has replicated the state of Ethereum at the precise block height of the Merge, thereby granting DApp developers and stablecoin issuers the autonomy to select the Ethereum chain they wish to support. Moreover, they can opt to duplicate the application states as well, effectively doubling the DApps and liquidity on Ethereum, which would then be mirrored on EthereumPoW.
For a more in-depth exploration of the distinctions between these two chains, we invite you to peruse our comprehensive article, “Ethereum PoS vs Ethereum PoW.”
The Circulating Supply of ETHPoW (ETHW) Coins: A Closer Look
Initially, ETHW forked the Ethereum blockchain, thereby inheriting the same circulating supply as proof-of-stake Ethereum. However, a crucial distinction emerges, as the ETH 2.0 staking contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) solely features a “deposit” function, rendering the staked ETH inaccessible for withdrawal on EthereumPoW. Consequently, the circulating supply of ETHW is diminished by 13,712,994 units.
The Security Mechanisms Underpinning the ETHPoW Network
ETHPoW adheres to the same proof-of-work mechanism that has been the cornerstone of the Ethereum mainnet since its inception, prior to the Merge. Notably, the scheduled difficulty bomb has been entirely eliminated, thereby ensuring the uninterrupted continuity of ETHPoW mining operations.
Where to Acquire ETHPoW (ETHW): A Comprehensive Guide
ETHW is presently listed and actively tradable on a multitude of prominent cryptocurrency exchanges.
Associated Resources:
Explore Ethereum (ETH), the pioneering blockchain that ETHW is poised to fork, and which is slated to undergo the highly anticipated Merge on September 15, 2022.
Delve into our in-depth exploration of tokenization and the innovative solutions driving Ethereum’s scalability.
Delve into the intricacies of the Ethereum Merge as we embark on an in-depth exploration of Ethereum 2.0.