What is EthereumPOW (ETHW)?
EthereumPOW is a hard fork of Ethereum which came about during the Merge that happened in 2022. The Merge happened because it was decided to migrate Ethereum to the Proof-of-Stake (PoS) consensus mechanism. EthereumPOW, as the name suggests, stuck to the Proof-of-Work (PoW) consensus mechanism, which was the initial system employed by Ethereum.
EthereumPOW is designed to uphold Ethereum's original intentions of decentralization and community control. This version of the blockchain allows miners to gain ETHW by verifying transactions with mathematical equations and creating new blocks. ETHW is a token that does not have a contract address as it belongs exclusively to the public chain. The live ETHW price can be observed on the EthereumPOW price chart above.
Use Cases of ETHW Tokens
The ETHW crypto token is mainly utilized as a means of providing compensation to miners in the ecosystem. As it is the native token of EthereumPOW, it can be traded, purchased, and exchanged on crypto exchanges. As of writing this, there are not many practical applications for ETHW coin. However, its presence provides financial security to those miners who would have otherwise been left without income due to Ethereum Merge. By solving mathematical problems and mining tokens they still have an opportunity to gain ETHW. You can estimate the value of these rewards by checking the live EthereumPOW price on the chart above.
Who Founded EthereumPOW?
Chandler Guo, a Chinese miner and angel investor with extensive experience in the crypto mining industry, founded EthereumPOW because he foresaw that miners would be negatively impacted by Ethereum's transition from PoS to PoW. To help these miners keep going, he created the ETHW token, which allowed them to mine hard-forked ETHW.
Guo has been an advisor for many businesses and has spoken at various blockchain-related and cryptocurrency conferences. He also works with other tech experts and crypto investors worldwide who have faith in the PoW consensus mechanism.
ETHW Tokenomics
People who had ETH in their possession before the Merge were given ETHW through an airdrop with the amount received depending on how much they owned. As there is no contract address for ETHW, it did not have an initial coin offering (ICO) or any set distribution plan. The mining process for this cryptocurrency helps to ensure its stability on the blockchain.
Recall that you can see the current and the previous ETHW price on the chart above.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
68.43K
Followers: 68,434
0.29%
Following
41
0.00%
Posts count
958
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
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These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
7.24K
Members: 7,249
0.11%
Title
EthereumPoW (ETHW) Official - ENGLISH ONLY
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
47 / 100
2.08%
Ahrefs Rank
982,399
3.01%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
10
Type
Personal
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Stars
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Watchers
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Forks
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Language
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EthereumPoW hot topics
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