$ETH $ETHFI $BTC Your guide to currency
ETHW digital currency – EthereumPoW is a hard fork of the Ethereum blockchain with Ethereum Merge, the merge saw Ethereum move to Proof of Stake, while the forked version remains in Proof of Work.
EthereumPoW describes itself as “the original proof of stake for Ethereum, developed and maintained by the community.” However, the “original Ethereum” would be Ethereum Classic, the initial Ethereum blockchain that continued with the original state of the chain after “The DAO” Hack, when the DAO was hacked and $60 million worth of ether stolen. The Ethereum blockchain, on which the DAO was built, was later controversially forked to recover the stolen funds, which were returned to investors.
ETHW digital currency project
EthereumPoW is set to replicate the Ethereum state on the stable PoW fork. It will allow dApp developers and stablecoin issuers to choose which Ethereum chain they support or replicate their application states as well, potentially doubling the dApps and liquidity on Ethereum to EthereumPoW.
The Ethereum community fears that emptying the entire chain, including all dApps and liquidity on it, will make way for early adopters and MEV to exploit the little value left on ETHPoW at the time of the merge.
In practical terms, this would mean draining all liquidity pools of worthless forked “proof-of-work liquidity” and redeeming them for ETHW, and many Ethereum contributors have called the launch of ETHPoW an exercise in “hash dumping.”
Founders of ETHW
EthereumPoW is backed by an unknown group of Ether miners.
