ETHW Core will continue with Ethereum PoW fork 24 hours after merger
ETHW Core plans to spin off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond by The Merge.
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The long-awaited Ethereum merger is just around the corner, but not everyone is excited about the major update. A group calling itself ETHW Core has expressed opposition to the change and is expected to conduct a hard fork within 24 hours of the merger.
Under the project name, ETHPoW and together with the ETHW token, ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond the merger.< /p>
“The ETHW mainnet will be operational within 24 hours of the merger. Exact time will be announced 1 hour before launch with a countdown and everything including final code, binaries, config files, node info, RPC, explorer, etc., will be made public when the time is up,” the group wrote in a Tuesday. tweet.
The merger will move the Ethereum network from its current Proof of Work (PoW) mining model to a Proof of Stake (PoS) consensus mechanism, phasing out miners and replacing them with validators.
In their August 29 open letter explaining their motivations, the group explained why, in their view, "PoS is indeed a game-changer, but only in a bad way:"
“It is safe to pursue an Ethereum PoW, which should be a no-brainer for those who advocate openness and the free market because there is no downside. After all, if Ethereum PoS is really so awesome, why be afraid of the competition?"
However, many in the community believe the fork is driven by money rather than ideological differences.
And serious concerns have been raised about ChainID forks and whether this will increase the risk of replay attacks and other hacks.
Former Ethereum Foundation member Hudson Jameson wondered on September 8 why it was launched...
ETHW Core plans to spin off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond by The Merge.
New
The long-awaited Ethereum merger is just around the corner, but not everyone is excited about the major update. A group calling itself ETHW Core has expressed opposition to the change and is expected to conduct a hard fork within 24 hours of the merger.
Under the project name, ETHPoW and together with the ETHW token, ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond the merger.< /p>
“The ETHW mainnet will be operational within 24 hours of the merger. Exact time will be announced 1 hour before launch with a countdown and everything including final code, binaries, config files, node info, RPC, explorer, etc., will be made public when the time is up,” the group wrote in a Tuesday. tweet.
The merger will move the Ethereum network from its current Proof of Work (PoW) mining model to a Proof of Stake (PoS) consensus mechanism, phasing out miners and replacing them with validators.
In their August 29 open letter explaining their motivations, the group explained why, in their view, "PoS is indeed a game-changer, but only in a bad way:"
“It is safe to pursue an Ethereum PoW, which should be a no-brainer for those who advocate openness and the free market because there is no downside. After all, if Ethereum PoS is really so awesome, why be afraid of the competition?"
However, many in the community believe the fork is driven by money rather than ideological differences.
And serious concerns have been raised about ChainID forks and whether this will increase the risk of replay attacks and other hacks.
Former Ethereum Foundation member Hudson Jameson wondered on September 8 why it was launched...
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