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The highly anticipated update to the Ethereum blockchain, The Merge, took place on September 15, 2022. Crypto enthusiasts eagerly looked forward to the shift from proof of work (PoW) to proof of stake (PoS) consensus.
Before The Merge, some ETH miners, whose means of livelihood are now at risk, were hell-bent on forking the Ethereum blockchain to EthereumPoW, which would continue operating on PoW.
Ethereum is no stranger to hard forks. Post Merge, Ethereum has at least three distinct versions — Ethereum, Ethereum Classic and now EthereumPoW. This article is a guide to all you need to know about the new EthereumPoW hard fork, and whether it's worth investing in.
ETHW (or EthereumPoW) is a hard fork of the original Ethereum blockchain network, which went live after The Merge. EthereumPoW will continue with the contentious PoW consensus mechanism, while Ethereum will move over to the energy-efficient PoS consensus.