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, according to the Twitter post. 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 rugpull. The price of ETHW even crashed by almost 80% over the last month. The annoucement, 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 is first conceptualized by a Chinese Ethereum miner, Chandler Guo, who first proposed the fork on 27 July 2022.
