As Ethereum (ETH) community inches closer to the activation of The Merge upgrade and moving network to Proof-of-Stake (PoS) consensus, miners decided to launch a PoW-based ‘original’ version of the network.
Ethereum fork on PoW becomes mainstream, here’s why
In July, 2022, seasoned Chinese mining entrepreneur Chandler Guo announced his initiative to hardfork Ethereum (ETH) ‘again’: his name is associated with the emergence of Ethereum Classic’s ETC crypto.
By mid-September, he created a team of 60 enthusiasts - miners, software developers, analysts etc. - to develop, maintain and promote Ethereum on PoW (ETHW), a novel hardfork of Ethereum (ETH) codebase.
The hardfork is set to run an independent, censorship-resistant version of Ethereum (ETH). Now its token - dubbed ETHW - is supported by dozens of centralized crypto exchanges, wallets, lenders, and so on.
ETHW airdrop is on cards: Who is eligible for it?
ETHW will be distributed between the holders of ETH tokens; to be eligible for the airdrop, Ethereans should meet some requirements. First, all ETH tokens should be moved to L1 from Arbitrum, Optimism, Metis and other L2 platforms.
Ethers should either be stored in non-custodial wallets or on the exchanges that support Ethereum on PoW and its ETHW token. Ethereum (ETH) locked in staking mechanisms should be unstaked prior to ETHW airdrop.
Some enthusiasts even recommended borrowing Ethers (ETH) from decentralized lenders like Aave Finance (AAVE), Compound Finance (COMP), and so on.
Ethereum (ETH) nodes by GetBlock are ready for The Merge
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