EthereumPoW[ETHW]
EthereumPoW is an Ethereum hard fork that operates on the Proof of Work (PoW) consensus mechanism.
On September 15, 2022, Ethereum blockchain made a transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism. During this transition, ETHPoW, which is a separate blockchain based on the old pre-Merge Ethereum, was launched.
The motivation behind the hard fork was the concern of Ethereum miners who believed that their costly GPU rigs, utilized for mining ETH, would become obsolete following the transition to a proof-of-stake (PoS) consensus mechanism. These miners considered proof-of-work (PoW) as a superior consensus mechanism. Meanwhile, as Ethereum shifted to the more efficient PoS, EthereumPoW emerged as a blockchain that retained the PoW algorithm, as implied by its name.
The motivation behind the hard fork was the concern of Ethereum miners who believed that their costly GPU rigs, utilized for mining ETH, would become obsolete following the transition to a proof-of-stake (PoS) consensus mechanism. These miners considered proof-of-work (PoW) as a superior consensus mechanism. Meanwhile, as Ethereum shifted to the more efficient PoS, EthereumPoW emerged as a blockchain that retained the PoW algorithm, as implied by its name.
EthereumPoW Ecosystem