$2.12
-4.4%
$2.11
24h Range
$2.18
Market Cap
$228,832,735.4
Fully Diluted Valuation
$228,832,735.4
24 Hour Trading Vol
$7,807,894.9
Circulating Supply
107,818,999.0
Total Supply
107,818,999.0
Max Supply
∞
EthereumPoW Price
$2.12
24h Range
$2.11 - $2.18
Percent Change 1h
0.53%
Percent Change 24h
-4.4%
Percent Change 7d
1.21%
All-time high
$58.54
All-time low
$1.17
1D
7D
1M
1Y
All
EthereumPoW (ETHW) is a fork of the original Ethereum blockchain that was created following the Ethereum network's transition from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model in September 2022. This split aimed to preserve the original PoW model, allowing miners to continue validating transactions and securing the network using computational power. ETHW provides an alternative for users and miners who prefer the traditional mining approach, supporting smart contracts and decentralized applications (dApps) similar to Ethereum.
The EthereumPoW project was initiated by a group of developers and miners from the Ethereum community who opposed the transition to PoS. One of the notable figures behind ETHW is Kevin Zhang, who played a significant role in advocating for the fork. While there isn't a single founder like in many cryptocurrency projects, the development team consists of various contributors from the mining community, including developers who were previously involved with Ethereum.
EthereumPoW operates on a proof-of-work consensus mechanism, which involves miners solving complex mathematical problems to validate transactions and create new blocks. This process requires significant computational resources and energy consumption. Miners compete to solve these problems, and the first one to succeed gets to add the new block to the blockchain and is rewarded with ETHW tokens. The mining algorithm used by ETHW is Ethash, similar to that of Ethereum before its transition, ensuring compatibility with existing mining hardware used in the Ethereum network.
Miners use specialized hardware, typically GPUs, to mine ETHW. They join mining pools to increase their chances of earning rewards by combining their computational power. The network adjusts the mining difficulty approximately every 1,440 blocks to ensure a consistent block time, which averages around 15 seconds.
EthereumPoW supports various use cases that leverage its blockchain technology, including:
Keeping your EthereumPoW tokens secure involves several best practices:
Investing in EthereumPoW (ETHW) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy EthereumPoW: Once your account is funded, you can purchase EthereumPoW directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in EthereumPoW using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
EthereumPoW (ETHW) is currently trading at $2.12 and exhibits good potential for future growth. Check the latest EthereumPoW (ETHW) price prediction.
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