The team behind the potential Ethereum fork on the Proof-of-Work consensus algorithm clarified some details of the mainnet launch for the community.
ETHW Core: An open letter to the Ethereum community [3/9]: Mainnet Launch and ETHW Mining Pool
It seems that the Ethereum Foundation will not slow down moving to PoS, so it’s time to talk about ETHW, the PoW chain, which is the backbone that the Web3 is currently built upon.
1/n pic.twitter.com/5ZaSCC2V7G— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 14, 2022
«It seems that the Ethereum Foundation will not delay the move to PoS, so it’s time to talk about ETHW, the PoW chain that is the backbone for building Web3», the developers said.
They noted that the fork launch will occur within 24 hours after The Merge. To do this, actions will be required that take some time, including preparing a copy of the blockchain before the merge and verifying the correct switch of the chain identifier.
After the network goes live, the ETHW Core team must also ensure synchronization and the operation of the nodes.
«In addition, we must ensure the availability of full nodes and RPC-servers in major regions of the world so that users have access to the relevant services. This work will take time, so please be patient», the developers added.
According to them, in addition to the pools BTC.com, Poolin and f2pool, which announced support for the fork, several other platforms interact with the testnet to verify equipment operation. ETHW Core is also collaborating with the EthwMine pool, which will serve as a data provider for the network and a backup platform for miners.
The team did not recommend users run full nodes to synchronize the blockchain data, as this would take about seven days. The developers prepared a torrent link to download a snapshot 48 hours before The Merge. They estimate that obtaining data of about 1.1 TB will take 3-5 hours.
As reported, CoinShares skeptically assessed the viability of a potential PoW fork of Ethereum.
Bob Summerwill, head of ETC Cooperative, doubting the feasibility of the project, voiced a similar opinion. The ETHW Core team called the emergence of the new network “an inevitable response” to the community’s demand.
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