back group Ethereum PoW (ETHW)a proof-of-work fork Ethereum Blockchain, has officially announced plans to launch its hardfork shortly after the Ethereum merge on 15 September. This, despite the tough few weeks since its launch.
ETHW Core announces plans for mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow
1/n pic.twitter.com/cnYOW6l1iU
– EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) 12 September 2022
After the merge, the ETHW mainnet will launch, according to a tweet From @EthereumPow account. The thread said the exact time will be publicized with a countdown timer up to an hour before launch, and everything including the final code, binaries, configuration files, nodes information, RPC and Explorer will be made public when the time is up, the thread said.
That being said, CoinGecko executive Bobby Ongo The claim is to encourage current miners to create a new proof-of-work version of ETH.
what to expect?
The second-largest blockchain by market cap will transition to a proof-of-stake consensus method later this week, eliminating the need for energy-intensive mining operations.
This action has led to a split in the Ethereum ecosystem as miners discuss forking Ethereum or launching other blockchains as they are hesitant to give up their source of income.
To ensure that the ChainID converts to 10001 and “the chain is the longest … of ETHW, the “ETHW mainnet” merge block will launch at a block height of ‘plus’ 2048 empty blocks.”
The first transaction on ETHW will be noted in the merge block ,2049, Reportedly, “Block Rewards Will Be Directed To Empty Blocks” 1559 Multi-sig wallet.”
Proponents of the merge claim that it will speed up modification and save energy on the blockchain. The branched network will resemble Ethereum in appearance and functionality, but it will only be a shadow of the real thing, with currencies and apps floating around aimlessly.
Well, many Ethereum miners intend to continue using the old network.
The forked version of ETHW has already been listed on several exchanges, including Poloniex, Bitfinex, And coinbase,
However, there are critics
interesting, justin hear Ethereum supports the POW token (ETHW), but there are still concerns about how much traction it could gain compared to the well-established Ethereum Classic, which perpetuates PoW.
She said, Igor ArtamonovOne developer on Ethereum Classic, and the other on ETHW critics objected For the idea of launching the EthereumPoW mainnet after the merge. Igor said,
“It’s just like losing 90% speed on launch. And nobody will take it seriously if it’s not a continuous/non-stop series.”