EthereumPoW (ETHW) Wallet

ETHPoW Fork

Ethereum’s long-awaited Merge has resulted in the creation of ETHPoW. The name of the asset speaks for itself, ETHW is ETH which still utilizes the Proof-of-Work consensus mechanism. With Ethereum’s move to the Proof-of-Stake algorithm, a lot of ETH miners have lost the opportunity to mine the asset. A group of crypto enthusiasts, who rely on or prefer the “original” consensus mechanism, have come together to create a fork of the Ethereum network before the Merge takes place to preserve the utilization of Proof-of-Work. The said group is led by Chandler Guo, a Chinese miner who also supported the Ethereum Classic hard fork. Whilst, Proof-of-Stake requires less energy to validate blocks, Guo has discovered that a lot of miners depend financially on the Ethereum network’s Proof-of-Work. ETHPoW’s testnet was launched back in August and the mainnet went live after the Merger took place.

ETHPoW Mining

A number of ETHW liquidity pools have already appeared. ETHPoW’s team stated that they aim to keep as much of the original mining process as possible. They also do not intend to add ASIC resistance to the mining algorithm, hoping to make the transition as smooth as possible.

ETHPW Airdrop

The team behind ETHPoW reminded users that airdrop will not take place as only the new network’s RPC information is necessary for the switch. All users that have Ethereum tokens on the Ethereum network will receive an equivalent amount of ETHPW tokens.