23 February, 2024

EthereumPoW Will Launch Mainnet After the Merge

1 year ago

12 Dec, 2023

The developers of EthereumPoW (ETHW), a proof-of-work fork of the Ethereum Blockchain, have confirmed that they intend to initiate the hardfork not long just after Ethereum Merge on September 15.

The team said on Twitter:

ETHW mainnet will happen within 24 hours after the Merge. The exact time will be announced 1 hour before launch with a countdown timer.

A countdown timer will be used to notify the precise moment one hour before the launch, and at the end of that hour, everything will be made available to the public, including the complete code, binaries, config files, nodes data, RPC, and explorer, among other things.

To ensure that the chainID is correctly changed to 10001 and that the chain is the longest chain of ETHW, the mainnet should start at the block height of the Merge block plus 2048 EMPTY blocks as padding.

According to the information provided in the post, the first block on ETHW that might potentially include any transactions will be the Merge block plus 2049. The 1559 multi-sig wallet will get the block rewards for the empty blocks whenever they are generated.

The difficulty of the first mining attempt will not drop below 220 T, which is equivalent to a hashrate of 15 TH/s.

The Ethereum merge, which is scheduled to take place later this week, will convert the second biggest blockchain in terms of market capitalization to a proof-of-stake consensus mechanism, therefore doing away with the necessity for operations that need a lot of energy to mine.

Due to the fact that miners are hesitant to give up their cash stream, this action has generated a schism in the Ethereum ecosystem. As a result, miners have recommended forking Ethereum or beginning to mine alternative blockchains.