PoW Ethereum is a forked version of the Ethereum blockchain created by a Chinese miner after the execution and consensus layers were merged. In this useful cryptocurrency article, we’ll take a closer look at how PoW Ethereum works, as well as some of its benefits and drawbacks.
Ethereum blockchain moved from a proof-of-work consensus mechanism to a proof-of-stake. As part of this changeover, ETH PoW–a PoW blockchain that is notably different from contemporary Ethereum post-‘Merge’–forked off and went live. This forked version of Ethereum seeks to preserve the proof-of work mining process for those who mine ETH.
Miners are allowed to add a block the PoW network with the condition that the first valid published block is correct. However, more than one legitimate block is sometimes found by the network because of data propagation latency, which creates numerous blockchain branches called a fork.
Bitcoin and its ilk, which rely on proof-of-work algorithms to validate transactions and create new blocks, are often presented as a censorship-resistant, trustless digital currency that was created after one individual or a small group of people solve a math problem and propose a new block. However, in order to prevent any small set of miners from creating rules that would weaken the resistance to censorship, many non-colluding miners must be processing transactions.
To prevent a person from abusing the system, ETHW miners will be required to work on arbitrary mathematical problems to validate transactions and create new tokens indefinitely. They will be compensated with ETHW, the native asset of the PoW ETH chain in return.
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