- There will be an EthereumPoW fork, and the details are being unveiled.
- The proof-of-work Ethereum blockchain will carry on with the ETH mining.
- The fork will go live after the Ethereum Merge.
The team behind EthereumPoW (ETHW) announces plans to launch an ETH hard fork: the fork is set to go live 24 hours after the Merge.
EthereumPoW’s Twitter account made the announcement. The team unveiled the plans for the fork in a thread.
ETHW mainnet will happen within 24 hours after the Merge. The exact time will be announced 1 hour before launch with a countdown timer, and everything, including final code, binaries, config files, nodes info, RPC, explorer, etc., will be made public when the time’s up.
As per the announcement, the mainnet will begin at the block height of plus 2048. This is to ensure that the chainID switches successfully to 10001. An hour before the launch, a follow-up post with the exact time will be made.
The first block on the ETHW fork will be +2049, containing any fork transactions. The team also stated that the initial mining difficulty would be lower than 15TH/s.
The much anticipated Ethereum Merge is set to happen this week. The initial step of the Merge, the Bellatrix upgrade, went live on September 6. The final transition will happen this week.
Several exchanges, including Coinbase, Bitfinex, Binance, and others, have extended their support for the Merge. Even Google has added a Merge countdown timer to support the efforts of developers working behind the Merge.
The Merge will ditch the PoW consensus and transition to PoS. The proof-of-stake consensus will replace miners with validators, who will take over the duty of validating transactions. The Merge also makes the network 99% more energy efficient.