What is EthereumPoW (ETHW)? How does it Work?

EthereumPoW is a project offered in response to the Ethereum Merge process. It was put forward as an idea of potential hard fork on the Ethereum blockchain. EthereumPoW is a project created by miners on the Ethereum network who will suffer with the transition to the new protocol which will switch to the Proof of Stake protocol with The Merge. The native cryptocurrency of the network is ETHW. In this article, you can find answers to the questions of what is EthereumPoW (ETHW), how does EthereumPoW (ETHW) work, how to get EthereumPoW (ETHW) and how to trade ETHW/TRY and ETHW/USDT trading pairs.

What is EthereumPoW (ETHW)? How does it work?

One of the stages of Ethereum 2.0, which is made to increase Ethereum’s transaction capacity, reduce fees and make the Ethereum network more sustainable, is The Merge update. With Ethereum 2.0, the Ethereum network will transition from the Proof of Work protocol to the Proof of Stake. The idea of EthereumPoW emerged with The Merge which was an interim period of this transition period. While the Ethereum network has switched to the Proof of Stake protocol with The Merge, it has been decided that the forked version will remain in the Proof of Work protocol.

EthereumPoW was created by Ethereum miners. With Ethereum’s transition to the Proof of Stake protocol, Ethereum mining will no longer be possible. Miners, who will experience significant losses due to this situation, have put forward the idea of ​​​​creating a new network with a hard fork in the Ethereum blockchain. It has been decided that the emerging new blockchain network will continue with the Proof of Work protocol. Besides, Ethereum miners cannot perform Bitcoin mining because the hardware devices used are not suitable for Bitcoin mining.

How to Store EthereumPoW (ETHW)

ETHW, which will emerge with the expected hard fork on the Ethereum blockchain, will be generated on the EthereumPoW network. You can manage your ETHW balances with desktop, mobile and hardware wallets that support EthereumPoW assets.

How to Trade EthereumPoW (ETHW)

You can use the BtcTurk | PRO website or the BtcTurk | PRO mobile application to buy and sell EthereumPoW (ETHW) with Turkish Lira and Tether. If you are not a member of BtcTurk, you can become a member immediately from our website or mobile application, and get EthereumPoW (ETHW) by sending Turkish lira 24/7 with 7 contracted banks.