ETHPOW
ETHPoW
ETHPoW
ETHPOW
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About ETHPoW
EthereumPow is a technology that's home to digital money, global payments, and applications, originally derived from the PoW-based Ethereum.
In September 2022, Ethereum is scheduled to start ETH 2.0's Merge upgrade. Some exchanges will support its potential hard fork. If successful, the Merge could create two parallel blockchains after the upgrade.
Prior to the official ETH 2.0 upgrade, ETH holders on a few exchanges can swap their ETH into two "potential forked" tokens, ETHPoS [IOU] and ETHPoW [IOU], at a 1:1 ratio.
"Potential forked" token explained:
ETHPOS (Ethereum PoS) represents the token for the new PoS (proof-of-stake) chain;
ETHPOW (Ethereum PoW) represents the token for the PoW (proof-of-work) chain that will potentially continue to exist.
25-08-2022: ETHW does not yet exist, only if the cryptocurrency’s supporters are able to successfully hard fork, the Ethereum network at the time of the merge, will the alternate coin come into existence. The merge refers to the moment when the Ethereum mainnet combines with the proof-of-stake beacon chain. It is anticipated to take place in mid-September and will mark the completion of Ethereum's long-awaited transition to proof of stake.
Some crypto exchanges, though, believed that the hype and narrative surrounding the alternative coin’s creation would generate enough interest to justify listing ETHW before it even exists.
Over the last weeks, exchanges like Poloniex, Huobi, BitMEX, and Bitrue have started listing ETHW-affiliated financial products, including futures and “IOU” tokens.
ETHW (IOU) cannot currently be withdrawn or traded across exchanges, if the ETHW fork is successful, an investor’s ETHW (IOU) will at that point be converted into the real thing. If no ETHW materializes post-merge, remaining ETHW (IOU) would be converted into post-merge ETH.
These speculative ETH POW tokens will stay mapped to ETHPOW (as they currently are) on CryptoCompare.
Once the fork happens any data for the ETH PoW forked coin with be mapped to ETHW.
This will leave the ETHPOW historical data as a snapshot of the pre-fork speculative trading and the ETHW should start and continue from the start of trading after the fork.
