EthereumPoW (ETHW) emerged as a response to Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS) on September 15, 2022. This hard fork preserves the original PoW mining mechanism, offering an alternative for miners and users who prefer the security and decentralization of PoW. Below, we explore ETHW’s fundamentals, tokenomics, and future potential.
What Is EthereumPoW?
EthereumPoW is a fork of the Ethereum blockchain that maintains the Proof of Work consensus model. It combines Ethereum’s smart contract functionality with PoW’s security, creating a distinct ecosystem powered by its native token, ETHW.
👉 Discover how ETHW compares to ETH
Key Features of EthereumPoW
- Proof of Work Mining: Miners solve computational puzzles to validate transactions.
- ETHW Token: Used for transactions, dApp interactions, and governance.
- Decentralized Governance: Token holders participate in network decisions.
The EthereumPoW Team
Led by Chandler Guo, the team includes developers like Kevin Wang and David Li. Their mission is to foster a decentralized platform for dApps, leveraging Ethereum’s pre-merge technology.
How EthereumPoW Works
ETHW operates via PoW, where miners earn tokens by securing the network. Unlike Ethereum 2.0, it remains independent due to its hard-forked consensus rules.
ETHW Tokenomics
- Supply: No cap—new ETHW is minted through mining.
Distribution:
- 70% airdropped to ETH/WETH holders (1:1 ratio).
- 20% allocated to team/advisors.
- 10% for marketing/development.
Use Cases for ETHW
- Smart Contracts: Execute agreements without intermediaries.
- dApps: Build and interact with decentralized applications.
- Transaction Fees: Pay for network operations.
Future Plans for EthereumPoW
- Ecosystem Growth: Onboard developers to expand dApps and services.
- Scalability & Security: Enhance throughput and robustness.
FAQ
Q: How is ETHW different from ETH?
A: ETHW uses PoW, while ETH transitioned to PoS post-merge.
Q: Can I mine ETHW?
A: Yes—it’s mineable via computational power.
Q: What’s the ETHW distribution ratio?
A: 1 ETHW per 1 ETH held during the snapshot.
Q: Where can I buy ETHW?
A: Major exchanges like OKX list ETHW for trading.
Q: Is ETHW inflationary?
A: Yes, as mining continuously introduces new tokens.
This guide covers ETHW’s essentials, from its origins to its roadmap. For updates, follow official EthereumPoW channels.
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