Ethereum proof-of-work onerous fork will launch 24 hours following the Merge on September 15, in accordance with a Twitter thread revealed by ETHW.
ETHW Core Introduced 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 workforce behind the Ethereum PoW onerous fork splinter from the Ethereum mainnet.
In addition they divulged the exact timing of the fork can be introduced 1 hour earlier than its launch, with all information “together with the ultimate code, binaries, config recordsdata, nodes information, RPC, explorer” to be “made public when the time’s up.”
What’s going to occur to Ethereum PoW post-Merge
The Merge will see the Ethereum mainnet swap its consensus mechanism from proof-of-work to proof-of-stake, eradicating the power affect from PoW mining. Ethereum miners might be supplanted by validators, which drove miners to launch the Ethereum PoW fork to proceed operating the outdated PoW community.
The PoW and PoS chains will run in parallel post-Merge. If the PoS chain performs nicely and boosts the worth of ETH, it might trigger purposes and tokens on the PoW model to lower in worth.
ChainID swap
The ETHW workforce mentioned the PoW mainnet will begin on the block peak of the Merge block and extra 2048 empty blocks as padding to make sure the chainID switches to chainID 10001 efficiently and the chain would be the longest chain of ETHW.
The workforce confirmed it’s going to use chainID 10001 as a substitute of the present chainID 10002 to distinguish itself and forestall replay assaults or duplicate and forge blocks on the 2 chains on the Ethereum mainnet.
Backers of ETHW
A number of exchanges are supporting ETHW and have begun itemizing IOU variations of the ETHW token, together with Gate.io, Phemex, DigiFinex, and CoinW.
If the fork is profitable, IOU ETHW tokens might be swapped for ETHW tokens on a 1:1 foundation after the Merge.
Exchanges which have listed ETHW embrace Coinbase, Poloniex, and Bitfinex.
