Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Btceth01 on September 13, 2022, 11:13:48 AM
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Details are revealed behind the official launch of ETHW, the Ethereum proof of work fork.
The EthereumPoW team faces scrutiny over delays in a proposed chainID change, and a last minute release of code.The Ethereum proof of work fork will deploy within 24 hours of The Merge.
That's according to a Twitter announcement by @EthereumPoW, the social media account behind the forthcoming ETHW mainnet, which laid out the plan in a thread detailing the strategy.
An official announcement is expected one hour before the exact time of the network launch. Afterwards the ETHW chainID will switch to 10001, and final code, config files, binaries, as well as other vital materials such as node data, RPC and explorer info will be made available.
To provide sufficient time for the chainID switch to take place, the mainnet will go live at the specified time after 2048 empty blocks are processed, meaning that the first ETHW block to contain any transactions on the mainnet will be the Merge block +2049 according to thread. source (https://cryptonews.net/12358149/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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The merger on the Ethereum network has been around for a long time, however we don't hear anything about an ETHW fork. Even at the stage of talking about the possible appearance of this fork, objections were raised that ethereum with a proof-of-work algorithm would exist even after the transition of this coin to PoS. This is the current Ethereum Classic. Therefore, the appearance of the ETHW coin will be a common duplication. However, we are waiting for how it all ends.
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I was interested in the possibility of finding out a specific date for the appearance of ETHW, but it is not indicated.
The proposed article also does not say anything about the possibility for Ethereum holders to receive the same amount of the new ETHW fork separated from this coin for free. I don't know how valuable this fork will be, but still, it would be interesting to have it in your wallet.
There is already ethereum classic and it is not clear how useful this fork will be.