On September 15, 2022, the Ethereum blockchain transitioned from Proof of Work (PoW) to Proof of Stake (PoS) during the Ethereum Merge. While this shift was widely accepted, opposition to PoS led to the creation of EthereumPoW (ETHW), a hard-forked version preserving PoW mining for ETH.
What Is EthereumPoW?
EthereumPoW (ETHW) is a fork of Ethereum that combines Ethereum’s smart contract capabilities with the decentralized security of Proof of Work (PoW). ETHW serves as its native token, powering transactions and governance.
Key Features of EthereumPoW:
- PoW Consensus: Miners solve computational puzzles to validate transactions.
- Decentralized Security: Requires significant computational power, enhancing decentralization.
- ETHW Token: Used for fees, dApp interactions, and miner rewards.
The EthereumPoW Team
The EthereumPoW team consists of developers and blockchain enthusiasts committed to building a decentralized platform. Led by Chandler Guo, the team includes Kevin Wang, David Li, and Peter Zhang. Their vision is to sustain Ethereum’s pre-merge blockchain as a hub for decentralized applications (dApps).
How Does EthereumPoW Work?
EthereumPoW operates via PoW, where miners:
- Validate Transactions: Solve complex mathematical problems.
- Earn ETHW: Rewarded for securing the network.
- Maintain Independence: A permanent hard fork from Ethereum 2.0 due to differing node consensus.
ETHW Tokenomics
- No Max Supply: Like ETH, ETHW is minted through mining (similar to Bitcoin).
Distribution:
- 70% to ETH/WETH holders (1:1 airdrop).
- 20% to team/advisors.
- 10% for marketing/development.
ETHW Use Cases
- Smart Contracts: Execute programmable agreements.
- dApp Deployment: Build and interact with decentralized apps.
- Transaction Fees: Pay for network usage.
- Miner Rewards: Incentivize PoW participation.
EthereumPoW’s Future Plans
- Ecosystem Growth: Attract developers to expand dApps and projects.
- Scalability & Security: Enhance network efficiency and robustness.
FAQs About EthereumPoW
What Is the Difference Between ETH and ETHW?
- ETH uses PoS post-Merge, while ETHW retains PoW mining.
How Can I Get ETHW?
- Mine it or claim via airdrop (if you held ETH pre-Merge).
Is EthereumPoW Secure?
Yes, its PoW mechanism ensures decentralized security.
👉 Learn more about Ethereum forks
👉 Explore ETHW mining opportunities
Keywords: EthereumPoW, ETHW, Proof of Work, Ethereum Merge, PoW vs PoS, ETHW tokenomics, ETHW mining, Chandler Guo
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