Ethereum Fork EthereumPoW Announces Post-Merge Launch Plans

Despite a few weeks since its announcement, the team behind EthereumPoW (ETHW), a proof-of-work splinter of the Ethereum Blockchain, has finally announced plans to launch a hard fork soon after the Ethereum Merge on September 15th.

“ETHW mainnet will happen within 24 hours of the merge,”[ads1]; it @EthereumPow Twitter account posted. “The exact time will be announced 1 hour before launch with a countdown timer, and everything including final code, binaries, configuration files, node information, RPC, explorer, etc. will be released when the time is up.”

The Ethereum merger later this week will switch the second-largest blockchain by market capitalization to a proof-of-stake consensus mechanism, removing the need for energy-intensive mining. This move has caused a rift in the Ethereum ecosystem as miners – unwilling to give up their income stream – proposed to fork Ethereum or start mining other blockchains.

Several exchanges have expressed interest in or already listed the disguised ETHW, including Poloniex, Bitfinex and Coinbase. ETHW has fallen 49% from its all-time high of $141.36 on August 8 to a current trading value of $29.52, according to CoinMarketCap.

According to the @EthereumPoW account, the mainnet will launch 2,048 empty blocks beyond the Merge block, adding padding to ensure that the chain ID – a unique identifier to distinguish between blockchains – swaps successfully and that the chain is the longest chain of ETHW .

This offset will also prevent duplicate blocks on both ETH and ETHW.

“Therefore, the Merge block + 2049 will be the first block on ETHW that can contain transactions,” the account said.

EthereumPoW is the brainchild of Chinese cryptominer Chandler Guo, who announced the proof-of-work hardfork on Twitter on July 27, 2022.

ETHW critics, including Ethereum Classic developer Igor Artamonov, took issue with the plan to launch the EthereumPoW network after the merger. “It’s like losing 90% of your momentum just at launch,” he wrote. “And nobody would take it seriously if it’s not a continuous/non-stop chain.”

Artamonov also questioned the stated motives for the hard fork.

“The main selling point may be ‘PoW is more secure,'” he tweeted. “But they sell it under ‘miners have to make money.’ Why??? That’s stupid. That’s not why people want to use a blockchain. “Security” would be a better reason.”

Guo has not yet responded to a request for comment from Decrypt.

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