EthereumPoW price
in USDCheck your spelling or try another.
About EthereumPoW
Disclosures
EthereumPoW risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading EthereumPoW. All crypto assets are risky, there are general risks in investing in EthereumPoW. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
EthereumPoW’s price performance
EthereumPoW on socials
Guides
EthereumPoW FAQ
EthereumPoW is a unique blend of Ethereum's smart contract capabilities and the proven security of the PoW consensus mechanism. It aims to provide a platform for secure transactions, smart contract execution, and a foundation for dApps and various DeFi applications.
EthereumPoW is a distinct blockchain resulting from a hard fork of Ethereum 2.0. It maintains the Proof of Work (PoW) consensus mechanism, offering an alternative approach to transaction validation and network security. This divergence creates a separate and independent ecosystem where ETHW plays a central role.
Easily buy ETHW tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include ETHW/USDT and ETHW/USDC.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for ETHW with zero fees and no price slippage by using OKX Convert.
Dive deeper into EthereumPoW
On September 15, 2022, the Ethereum blockchain underwent a significant transition from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus model, marked by the Ethereum merge. While widely recognized within the cryptocurrency industry, this shift was met with opposition to the PoS method, culminating in the creation of EthereumPoW (ETHW).
The upgrade effectively rendered ETH miners obsolete, as validators now play a pivotal role by staking ETH to ensure network security. EthereumPoW, a forked version of Ethereum, emerged to cater specifically to those who continue to engage in the Proof of Work mining process for ETH.
What is EthereumPoW
In anticipation of the highly anticipated Ethereum upgrade and the subsequent hard fork, a new iteration of the Ethereum network emerged, known as EthereumPoW. Unlike a typical fork, EthereumPoW envisions a harmonious fusion of Ethereum's distinctive smart contract capabilities with the established security and decentralized attributes of the Proof of Work (PoW) consensus mechanism. At the core of this ecosystem lies ETHW, driving transactions and facilitating active engagement in network governance.
The EthereumPoW team
The EthereumPoW team comprises a group of developers and enthusiasts committed to building a decentralized, open-source, and permissionless blockchain platform. The team is led by Chandler Guo and includes Kevin Wang, David Li, and Peter Zhang. The EthereumPoW team believes Ethereum’s pre-merge blockchain is the most promising platform for housing decentralized applications (dApps).
How does EthereumPoW work
EthereumPoW operates on a Proof of Work (PoW) consensus model, where miners tackle intricate mathematical challenges to validate transactions and generate new tokens. This approach is revered for its enhanced decentralization, as it demands substantial computational power to verify and endorse transactions. Miners within the EthereumPoW network receive rewards in the form of ETHW, the native token of this chain.
Notably, EthereumPoW represents a significant divergence from Ethereum 2.0, marked by its status as a hard fork. This divergence is enduring, signifying that the two network versions operate independently due to disparities in node consensus. Consequently, the hard fork establishes an autonomous variant of ETH.
EthereumPoW’s native token: ETHW
ETHW is the native token fueling the EthereumPoW network, serving as a means of value transfer and incentivization. Operating within the EthereumPoW blockchain, it facilitates transaction validation and network security through the Proof of Work (PoW) mechanism. Beyond its foundational role, ETHW boasts utility as a versatile token, encompassing functionalities such as settling transaction fees, engaging with decentralized applications (dApps), and accessing an array of services offered within the EthereumPoW ecosystem.
ETHW tokenomics
Similar to ETH, ETHW has no maximum supply as each token is obtainable through mining, similar to PoW coins like Bitcoin and Litecoin.
ETHW use cases
EthereumPoW, with its unique marriage of PoW and Ethereum's capabilities, brings a host of use cases to the table. Although they adopt different consensus mechanisms, meaning mining isn’t possible on Ethereum 2.0, ETHW has similar uses to ETH, including smart contract execution, dApp deployment, and fees for transactions. Furthermore, miners on the EthereumPoW chain are rewarded with ETHW, the native token of the EthereumPoW chain.
Distribution of ETHW
ETHW is distributed as follows:
- 70 percent: Distributed to ETH and WETH holders via an airdrop
- 20 percent: Given to the EthereumPoW team and advisors
- 10 percent: Marketing and development
The distribution of ETHW to ETH and WETH holders was done at a ratio of 1 ETH:1 ETHW. This means that for every 1 ETH held at the time of the snapshot, the holder was able to receive 1 ETHW.
EthereumPoW’s future plans
The EthereumPoW team plans to focus on two key areas: expanding the ecosystem's offerings and bolstering its network's capabilities. The team aims to enrich the EthereumPoW ecosystem by attracting developers to construct dApps and various projects on their platform.
In parallel, there's a push to enhance EthereumPoW's scalability and security. Lessons from past scalability challenges guide efforts toward building a robust, efficient network. Security, the cornerstone of any successful blockchain, is also under the microscope for continuous improvement.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.