Ethereum Proof-of-Work fork set to launch 24 hours post-Merge

Ethereum proof-of-work hard fork volition motorboat 24 hours pursuing the Merge connected September 15, according to a Twitter thread published by ETHW.

ETHW Core Announced the Plan for Mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow

1/n pic.twitter.com/cnYOW6l1iU

— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022

ETHW is the squad down the Ethereum PoW hard fork splinter from the Ethereum mainnet.

They besides divulged the precise timing of the fork would beryllium announced 1 hr earlier its launch, with each information “including the last code, binaries, config files, nodes info, RPC, explorer” to beryllium “made nationalist erstwhile the time’s up.”

What volition hap to Ethereum PoW post-Merge

The Merge volition spot the Ethereum mainnet power its statement mechanics from proof-of-work to proof-of-stake, removing the vigor interaction from PoW mining. Ethereum miners volition beryllium supplanted by validators, which drove miners to motorboat the Ethereum PoW fork to proceed moving the aged PoW network.

The PoW and PoS chains volition tally successful parallel post-Merge. If the PoS concatenation performs good and boosts the worth of ETH, it whitethorn origin applications and tokens connected the PoW mentation to alteration successful value.

ChainID switch

The ETHW squad said the PoW mainnet volition commencement astatine the artifact tallness of the Merge artifact and further 2048 bare blocks arsenic padding to guarantee the chainID switches to chainID 10001 successfully and the concatenation volition beryllium the longest concatenation of ETHW.

The squad confirmed it volition usage chainID 10001 alternatively of the existent chainID 10002 to differentiate itself and forestall replay attacks oregon duplicate and forge blocks connected the 2 chains connected the Ethereum mainnet.

Backers of ETHW

Several exchanges are supporting ETHW and person begun listing IOU versions of the ETHW token, including Gate.io, Phemex, DigiFinex, and CoinW.

If the fork is successful, IOU ETHW tokens tin beryllium swapped for ETHW tokens connected a 1:1 ground aft the Merge.

Exchanges that person listed ETHW see Coinbase, Poloniex, and Bitfinex.

The station Ethereum Proof-of-Work fork acceptable to motorboat 24 hours post-Merge appeared archetypal connected CryptoSlate.