Ethereum PoW fork developers reveal mainnet launch details

The launch of the Ethereum mainnet fork on the Proof-of-Work consensus algorithm will occur within 24 hours after the The Merge. The project team said.

ETHW mainnet will happen within 24 hours after the Merge. The exact time will be announced 1 hour before launch with a countdown timer and everything including final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the time’s up.

2/n

— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022

The exact timing will be announced an hour before the mainnet launch, and a countdown timer will be started.

After the merge, 2048 empty blocks will be produced. This is necessary to ensure the successful switch of the chain identifier.

Initial mining difficulty in the network is expected to be no less than 220 TH, which corresponds to a hash rate of about 15 TH/s, the fork project representatives clarified.

The developers promised to release node software for the blockchain in the near future. Its code, a dedicated explorer and other data will be published at launch.

Earlier, several well-known industry players such as the Ethermine pool, NFT marketplace OpenSea, and DEX Uniswap warned that they would not support any Ethereum PoW forks. Some crypto platforms, such as Poloniex, MEXC and BitMEX took the opposite stance.

The first two exchanges launched trading of options on ETHPoS (ETHS) and ETHPoW (ETHW) — the tokens of potential Ethereum forks.

As of writing, ETHPoW quotes are around $32. Ethereum’s price stands at $1708, and ETHPoS trades near $1682.

Supporters of the PoW chain described it as the ‘inevitable’ response to the community’s request.

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