Ethereum PoW (ETHW) is a hard fork of the Ethereum blockchain that continues to use the proof-of-work (PoW) consensus mechanism. It was created by a group of miners who opposed the transition to the proof-of-stake (PoS) mechanism, which rendered their mining equipment obsolete. ETHW operates similarly to the original Ethereum network before the transition, with miners verifying transactions and adding new blocks to the blockchain by solving complex mathematical puzzles. The native token of the EthereumPoW network is ETHW, which is traded on several exchanges.
Ethereum PoW (ETHW) is used to pay miners for their work in adding blocks to the Ethereum PoW blockchain. It can be bought, sold, and traded on various crypto exchanges, such as Crypto.com, Coinbase, and Binance. The token is also used to incentivize miners to continue validating transactions and mining new tokens by solving complex mathematical puzzles, ensuring the security and integrity of the network.
To store Ethereum PoW (ETHW) tokens, you can use a variety of wallets that support this cryptocurrency. Here are some options:
MetaMask:
- Open MetaMask and unlock your wallet.
- Go to Settings and click on "Add a Network."
- Enter the following settings:
- Network name: ETHW-mainnet
- New RPC URL: https://mainnet.ethereumpow.org
- Chain ID: 10001
- Currency symbol: ETHW
- Block Explorer URL: https://mainnet.ethwscan.com
- Save the new network, and MetaMask will connect to it.
Ledger:
- Connect your Ledger hardware wallet to MetaMask.
- Select the account and click "Unlock."
- Your Ledger Ethereum POW account and ETHW balance will appear in MetaMask.
Guarda Wallet:
- Create an Ethereum PoW wallet on Guarda, which offers a secure and user-friendly platform for managing cryptocurrencies.
- You can store, send, exchange, and buy ETHW tokens using Guarda's online, mobile, or desktop app.
These wallets provide a secure and convenient way to manage your ETHW tokens.
To buy Ethereum PoW (ETHW) tokens, follow these steps:
Create an account: Sign up on a cryptocurrency exchange that supports ETHW, such as KuCoin, Bitget, or Young Platform.
Verify your account: Complete the identity verification process to ensure the security of your transactions.
Deposit funds: Add funds to your account using various payment options, including credit/debit cards, Google Pay, Apple Pay, bank transfers, or other methods depending on the exchange.
Place an order: Navigate to the ETHW trading pair and enter the amount you want to buy. You can also use fiat currency to purchase ETHW.
Monitor your account: Once the transaction is complete, monitor your ETHW balance in your spot account.
Additionally, you can use services like Guarda Wallet to buy ETHW directly with a credit or debit card.