EthereumPoW (ETHW)
Proof of work version of Ethereum, forked after Ethereum went PoS.
Basics
History
"Shortly after the ETHPoW mainnet debuted on Thursday, users began experiencing issues accessing the network. It quickly became clear that part of the issue was that ETHPoW had chosen a chain ID already in use. The chain ID designated by ETHPoW’s was apparently already in use by a Bitcoin Cash testnet. Ironically, chain IDs were a matter already top-of-mind for ETHPoW’s leadership in the weeks leading up to the merge. Chandler Guo, the prominent Chinese crypto miner leading the ETHPoW effort, previously confirmed to Decrypt that ETHPoW would be changing its chain ID for this very reason. Why the network then chose a chain ID belonging to another existing network remains unclear. Guo did not immediately respond to Decrypt’s request for comment."
Audits & Exploits
- Bug bounty program can be found [insert here].
Technology
Implementations
- Consensus mechanism: PoW
- Virtual Machine: EVM
Usage
- From Bitcoin.com (3-1-2023):
"In addition to its price decline over the past four months, the network’s hashrate has fallen from 68.17 terahash per second (TH/s) to 16.99 TH/s, a loss of 75.07% since The Merge took place. The top two mining pools for ETHW currently are F2pool and 2miners."
- From Bitcoin.com (18-10-2022):
"Statistics from defillama.com indicate that ETHW’s TVL is around $3.69 million after records show on September 24, that the TVL was $283,153. This means that since September 24, or over the last 24 days, ETHW’s TVL in defi increased in value by 1,209%. Defillama.com stats indicate that there’s roughly 13 different ETHW defi protocols dedicated to the network. The decentralized exchange (dex) Uniwswap, not to be confused with Uniswap, is the largest defi protocol on ETHW today with 52.13% dominance of the current $3.69 million."
Team, Funding and Partners
Team
- Chandler Guo; main leader
- ETHW Core dissolved (19-12-2023).
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