Ethereum Proof-of-Work
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Information about Ethereum Proof-of-Work (ETHW)
According to Ethereum’s plan and according to the latest announcement from Binance, after The Merge event, users who own ETH will receive the corresponding amount of ETHW (Ethereum Proof-of-Work) tokens. Users with ETH balance at the main wallet before 6:42:42 UTC on September 15, 2022 will be distributed the amount of ETHW at the ratio of 1 ETH = 1 ETHW.
The Merge (also known as Ethereum Merge) is the upgrade event of the Ethereum network when moving from Proof-of-Work (POW) consensus mechanism to Proof-of-Stake (POS). Once the upgrade is completed, the Ethereum 2.0 blockchain will be born with the fusion of the existing Ethereum chain and the Beacon chain.
This is expected to be a breakthrough in the development journey of the Ethereum ecosystem, helping the network reduce energy consumption by more than 99%. With the improvement in capacity, projects built on Ethereum will be more convenient with significantly improved cost and speed.
News
ETHW rises 63.14% after 24h
ETHW, the token of the EthereumPoW hard fork, suddenly witnessed an impressive growth of 63.14% to a price of $12.296 after many days fluctuating around $4.3 – $8.3. ETHW’s trading volume reached $59.37 million, 4 times the average trading volume of the previous 10 days.
With these achievements, ETHW is currently leading the Top Gainers and has become the largest asset by trading volume on the ONUS app.
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