The Launch Plan for EthereumPow (ETHW) Hard Fork Announced Ahead of the Merge

Ethereum’s transition to Proof of Stake (PoS) is now less than two days away, but as expectations peak, the team behind the EthereumPoW (ETHW) has provided an update for their proposed hard fork of the Ethereum network.

EthereumPoW Announces Launch Plans

Ethereum’s merge is expected to go live on September 15 and will see the protocol move from Proof of Work (PoW) to Proof of Stake (PoS). However, the EthereumPoW team plans to hard fork the network to continue mining on the network.

The team behind the EthereumPoW has announced that 24 hours after the merge, the ETHW mainnet will go live. The team wrote on Twitter;

The EthereumPoW mainnet will start 2,048 empty blocks beyond the Merge block, adding padding to ensure that the chainID switches successfully. It will also prevent duplicate blocks on both ETH and ETHW.

Support for PoW Ethereum

Chandler Guo introduced the PoW hardfork on Twitter on July 27, 2022. Since then, the project has generated massive support, especially among miners who are unwilling to let go of their revenue stream. 

Tron founder Justin Sun is one of the biggest supporters of ETHW. Sun has bought millions of dollars worth of ether (ETH) ahead of the Merge and is campaigning for the hard fork to sustain PoW consensus on Ethereum.

In addition, several crypto exchanges have expressed interest in or have already listed the forked ETHW, including Poloniex, Bitfinex, and Coinbase.

On the Flipside

  • Anthony Di Lorio, one of Ethereum’s co-founders, has said that Ethereum’s migration to PoS would push other PoW hard forks to the side. 

Why You Should Care

The hard fork to sustain PoW on Ethereum has resonated with miners who look to continue Ethereum’s legacy of profitable mining.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Milko is a DailyCoin reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs).