After Ethereum Merge, will there be an ETHPOW fork?
-
Loading... - Iddi Seleman
- 22 Sep 2022
- 65 Views
- 0 Like
- 0 Comment
One of Ethereum’s major upgrades, called the Merge, will take place in less than a week. With this upgrade, Ethereum will switch its consensus protocol from Proof of Work (POW) to Proof of Stake (POS).
This means that securing the Ethereum network will no longer require crypto mining hardware. While many investors, including Ethereum mining companies, look forward to this historic change, some aren’t too keen about it.
Miners who reject Ethereum’s upgrade have sought to fork out of the popular version of the network. They’d keep an old copy of Ethereum and maintain the Proof of Work protocol — hence giving rise to an EthereumPOW network.
It’s important to note that at the time of writing, EthereumPOW is only a potential Ethereum fork. There’s very little concrete technical information of this fork, which you could consider as a small red flag.
Continue reading as we explore some common questions about the EthereumPOW (ETHW) token.
Will every ETH holder get an ETHW airdrop?
EthereumPOW is an exact copy of the Ethereum blockchain up to a certain point in time. This means, technically, your account with your private keys on the EthereumPOW will have the same number of ETHW tokens as the ETH you’re currently holding.
But gaining access to ETHW tokens is another problem altogether. Firstly, the crypto wallet of your choice must support it if you ever want to access your ETHW tokens. Read More…
