What Is EthereumPoW (ETHW)?
EthereumPoW (ETHW) is a proof-of-work (PoW) fork of Ethereum, created in response to Ethereum's transition to proof-of-stake (PoS). It aims to preserve the mining ecosystem and provide an alternative blockchain for miners and users who prefer PoW consensus.
Who Are the Founders of EthereumPoW?
EthereumPoW is supported by an anonymous group of Ethereum miners facing financial losses due to the PoS transition. The Ethereum mining industry, valued at approximately $19 billion, risks obsolescence post-Merge. Unlike Bitcoin miners who use ASICs, Ethereum miners rely on GPUs, making a switch impractical.
Prominent supporters include:
- Justin Sun, founder of Tron.
- Chandler Guo, a well-known Ethereum miner.
Poloniex, backed by Justin Sun, was the first exchange to list ETHW and announced plans to support potential ETH forks.
What Makes EthereumPoW Unique?
EthereumPoW plans to copy Ethereum’s state during its PoW hard fork. Key considerations include:
- Chain State Duplication: Allows DApp developers and stablecoin issuers to choose which chain to support.
- Application State Copying: Could duplicate DApps and liquidity, though this risks exploitation by frontrunners and MEV bots.
The Ethereum community warns that splitting the chain may lead to "retail dumping," where liquidity pools are drained post-Merge.
👉 Learn more about Ethereum PoW vs. PoS
How Many EthereumPoW (ETHW) Coins Are in Circulation?
At launch, ETHW will mirror Ethereum’s circulating supply. Post-Merge, ETHW’s inflation rate will exceed Ethereum’s PoS due to continued mining. However, the PoW chain may face challenges from Ethereum’s difficulty bomb, designed to discourage mining.
How Is the EthereumPoW Network Secured?
ETHW retains Ethereum’s original PoW mechanism. Long-term viability depends on whether miners sustain operations despite the difficulty bomb’s increasing computational challenges.
Where Can You Buy EthereumPoW (ETHW)?
ETHW is traded on exchanges like Poloniex. Always verify liquidity and security before trading.
FAQ
Q: Will EthereumPoW replace Ethereum?
A: No. ETHW serves as a parallel chain for PoW supporters, while Ethereum transitions to PoS.
Q: Is EthereumPoW a good investment?
A: Volatility is high post-fork. Research market trends and project sustainability.
Q: How does ETHW differ from Ethereum Classic (ETC)?
A: ETC is an older PoW chain; ETHW is a direct fork of Ethereum’s pre-Merge state.
👉 Explore ETHW trading strategies
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