BTSE is pleased to bring EthereumPoW (ETHW) onto its platform, adding to the selection of quality digital assets available to its users:
ETHW is the native token of EthereumPoW, the original Proof-of-Work (PoW) Ethereum blockchain supported by die-hard developers and miners who didn’t want to switch to Ethereum’s post-Merge Proof-of-Stake model. A hard fork is a blockchain software upgrade where all network validators are required to comply with the latest version. Before The Merge, Ethereum had already experienced multiple hard forks in the past, including its split into Ethereum (ETH) and Ethereum Classic (ETC) in 2016.
In this new update, the story has changed since miners are no longer in the equation. Instead, in the new PoS ecosystem, investors can stake their tokens to secure the network and receive rewards, without using expensive mining equipment.
As the hard fork just happened recently, and because ETHW is still a purely community-driven project, it will be interesting to see where it will head in the future.
ETHW currently has a circulating supply of around 120 million tokens, the same as Ethereum, and is trading at $9.17 as of October 6, 2022.
Trade ETHW here.
Deposit ETHW here.
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