According to the Twitter post, a new Twitter handle called @EthereumPoW has confirmed that ETHW, the Ethereum Proof-of-Work (PoW) fork, will be deployed within 24 hours of The Merge. The Merge is likely to take place on 15 September 2022.
Details about the strategy for the upcoming launch of the ETHW mainnet were also mentioned in the thread.
ETHW Core Announced the Plan for Mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow
1/n pic.twitter.com/cnYOW6l1iU
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022
The announcement comes after much uncertainty. The fork gives the ETH mining community the option of continuing to mine at a time when the Ethereum network is going down the Proof-of-Stake route. However, in recent times, many have criticized the fork and have even suggested that it may be a rug pull. The price of ETHW even crashed by almost 80% over the last month. The announcement, therefore, takes us one step closer to finding out whether the chain will eventually succeed.
On the day, the ETHW testnet uses chainID 10002 for now. To avoid replay attacks, it will be switching to 10001 with the launch. The final code, configuration files, binaries, and other vital data will be shared. To give miners sufficient time for the chainID switch, the mainnet will go live after 2,048 empty blocks are processed. This means the first block containing any transaction will be from the 2,049th block and onward.
An hour before the mainnet launch, an official announcement will be made.
EthereumPOW was first conceptualized by a Chinese Ethereum miner, Chandler Guo, who first proposed the fork on 27 July 2022.
FAQs
When did the Ethereum fork happen?
These are some of the key forks in Ethereum’s history up to my last knowledge update in January 2022. Ethereum continues to evolve, and additional upgrades are planned, such as Ethereum 2.0, which aims to transition the network to a proof-of-stake consensus mechanism for improved scalability and sustainability. Always check official Ethereum sources for the latest information on network upgrades and forks.
Will Ethereum PoW go up?
Ethereum operates on a Proof-of-Work (PoW) consensus mechanism. However, Ethereum has long-term plans to transition from PoW to Proof-of-Stake (PoS) through the Ethereum 2.0 upgrade. Ethereum 2.0 is a multi-phase upgrade that aims to improve the scalability, security, and sustainability of the Ethereum network.
The Ethereum 2.0 upgrade involves the deployment of a new PoS blockchain alongside the existing PoW chain. This transition will occur in multiple phases, with the full completion of Ethereum 2.0 expected to mark the shift from PoW to PoS.
Did Ethereum fork after the merge?
the Ethereum network had not completed the full transition to Ethereum 2.0, including the merge from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The Ethereum 2.0 upgrade is a complex and multi-phased process, and the last available information indicated that the merge had not occurred.
What is the Ethereum PoW fork?
Ethereum had not undergone a specific “Proof-of-Work (PoW) fork” in the context of a major upgrade or change to its PoW consensus mechanism. Ethereum has experienced multiple upgrades and forks throughout its history, both in the form of hard forks and network improvements, but these changes were typically part of the network’s evolution and enhancement rather than a specific PoW fork.
