The world of cryptocurrency is characterized by continuous development and rapid changes. These changes sometimes give rise to the birth of new projects. EthereumPoW (ETHW) is one such cryptocurrency project that emerged as a result of this process. So, what exactly is EthereumPoW and how does ETHW operate?
What is EthereumPoW (ETHW)?
EthereumPoW (ETHW) is a fork project that arose after the Ethereum (ETH) 
$2,569 network transitioned to a Proof of Stake (PoS) consensus mechanism in September 2022. This transition meant that miners could no longer use high-energy-consuming mining hardware to process blocks. However, a group of miners who wanted to continue mining created a new blockchain that preserved Ethereum’s original Proof of Work (PoW) consensus mechanism. Thus, ETHW is a product of this process.
ETHW is based on the last version of Ethereum before The Merge, offering an alternative for those wishing to continue earning block rewards through mining. The project is supported by a community advocating for decentralization and the continuity of mining.
How Does EthereumPoW (ETHW) Work?
ETHW utilizes the Proof of Work consensus mechanism, similar to Ethereum before The Merge. In this system, miners validate blocks by solving complex mathematical problems, ensuring network security. Each successful block verification rewards miners with ETHW coins.
High-performance GPUs or ASIC devices are used for mining. Although this process requires significant energy consumption, some users find the decentralized structure of PoW more secure. In EthereumPoW, the block time averages between 13-15 seconds, ensuring quick transaction approval.
