Per a Twitter thread posted by ETHW, on Thursday, the Ethereum proof-of-work (PoW) hard fork will commence 24 hours after the Merge.
The group operating the Ethereum PoW hard fork that split off from the Ethereum mainnet is known as ETHW.
They revealed that the exact time of the fork’s debut will be revealed one hour prior to it, and that all information, such as the “final code, binaries, config files, nodes metadata, RPC, and explorer,” would be made accessible in due time.
ETHW Core Announced the Plan for Mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow
1/n pic.twitter.com/cnYOW6l1iU
— EthereumPoW (ETHW) Official (@EthereumPoW) September 12, 2022
By switching from proof-of-work (PoW) to proof-of-stake (PoS) following The Merge, Ethereum’s mainnet will no longer require energy-intensive mining which the PoW consensus requires. Validators will eventually replace Ethereum miners, which is what prompted miners to start the Ethereum proof-of-work (PoW) fork in order to keep the old PoW network operational.
After the Merge, the proof-of-work (PoW) and proof-of-stake (PoS) chains ought to function in tandem. Apps and cryptocurrencies on the PoW chain might become less valuable if the PoS chain succeeds and raises the value of Ethereum (ETH).
In order to verify that the chainID flips to chainID 10001 properly and the chain is the longest chain of ETHW, the ETHW team stated that the PoW mainnet would begin at the block level of the Merge block and will add an extra 2048 empty blocks as padding.
The team acknowledged that in order to distinguish itself and thwart replay attacks or duplicate and fabricate blocks on the chains on the Ethereum mainnet, it will utilize chainID 10001 rather than the chainID 10002 which is currently operational.