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Ethereum News

EthereumPoW to Launch Mainnet Post-Merge

Written By Vismaya V
Published 2022-09-13
Make The Crypto Times preferred on GoogleGoogle
EthereumPoW to Launch Mainnet Post-Merge

The team behind EthereumPoW (ETHW) unveiled plans to launch its hardfork after the highly-awaited Ethereum Merge on September 15.

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

1/n pic.twitter.com/cnYOW6l1iU

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

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

The final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the counter timer’s up.

The mainnet will begin after the Merge block plus 2,048 empty blocks, providing padding to ensure that the chainID, a unique identifier to distinguish among blockchains, switches effectively and that the chain is the longest chain of ETHW, according to the EthereumPoW team.

Also Read: All about the Ethereum Merge

As a result, the first block on ETHW that might include any transactions will be the Merge block + 2049. The 1559 multi-sig wallet will receive block rewards for the empty blocks.

The hash rate of the initial mining difficulty will not be less than 15 TH/s or less than 220T.

Ethereum Classic developer Igor Artamonov criticized the idea of launching the EthereumPoW mainnet following the merge.

As someone who played a role in the Ethereum Classic launch, I decided to look at what's on with the Ethereum PoW. Well, their chances are low, and let me tell you why 🧵 1/9

— Igor Artamonov (@splix) September 12, 2022

“Because it’s a migration from PoW to PoS, the best moment to launch ETHPOW is a few hours before The Merge. That would slow down the main chain and steals all attention at the most critical moment. E-v-e-r-y-o-n-e would talk about it. They ignore such an opportunity,” Artamonov tweeted.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Ethereum (ETH)
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