Ethereum’s “Rebel” Hard Fork To Launch Soon After The Merger

Despite the turbulent weeks since it was announced, EthereumPoW (ETHW), a fork of the Ethereum blockchain that will use the proof-of-work system, has finally announced plans to launch the hard fork shortly after the Ethereum Merger, scheduled for Thursday morning (15).

“The ETHW Mainnet will become a reality 24 hours after the Merger,” states a post by @EthereumPow on Twitter. “The exact time will be announced an hour before launch, with a countdown. Everything, including the final code, binary system, configuration files, node information, RPCs, explorer bots, and other details will be publicly released when the time is right.”

ETHW Core Announced the Plan for Mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow

1/n pic.twitter.com/cnYOW6l1iU

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

The merger scheduled for later this week will change the consensus mechanism of the second largest blockchain to a proof-of-stake (PoS) system, ending energy-intensive mining operations.

This move caused a disruption in the Ethereum ecosystem, as miners – uncomfortable with having to give up some of the profits – proposed a fork in Ethereum or would start mining other blockchains.

Several exchanges have already shown interest or already listed the ETHW fork, including Poloniex, Bitfinex and Coinbase. ETHW’s value is down 49% from its all-time high to hit $141.36 on Aug.

According to @EthereumPoW, the mainnet will start its operation with 2,048 empty blocks after the Fusion block, adding a “padding” to ensure that the chainID – a unique identification code to differentiate users between Blockchains – is successfully changed. , and that this chain is the longest in the ETHW.

This compensation will also prevent duplicate Blocks, both in ETH and ETHW.

“Therefore, the Fusion + 2049 block will be the 1st ETHW block that can contain any transactions,” the account reads.

rebel miner

EthereumPoW is the brainchild of a Chinese crypto miner known as Chandler Guo, who announced the hard fork to proof-of-work on Twitter on July 27, 2022.

ethpow will coming soon pic.twitter.com/v9eAbWO2BZ

— Chandler Guo (@ChandlerGuo) July 27, 2022

ETHW critics, including classic Ethereum developer Igor Artamonov, were uncomfortable with this plan to launch an EthereumPoW Mainnet after the Merger. “It’s like you lose 90% of momentum just on launch,” he wrote. “And no one is going to take it seriously if it’s not a continuous/recurring current.”

Artamonov also questioned the reasons given for the hard fork.

“The main ‘selling argument’ could be that ‘PoW is safer,’” he tweeted. “But they sell this change with the idea that ‘miners need to make more money.’ Because??? This is stupid. That’s not why people use blockchain. ‘Security’ would be a better reason.”

First, they have a really strong ground to launch it, like 10 times better than ETC had. Everything is clear, all tools exist, they have all attention, and so many people trust PoW more than PoS 2/9

— Igor Artamonov (@splix) September 12, 2022

O decrypt made a request for comment from Guo, but he has yet to respond.

*Translated by Gustavo Machado with permission from decrypt.co.

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