thecryptobasic.com
EthereumPoW is already making significant progress since launching on mainnet.
With Ethereum Merge finally live, OKLink, a leading cryptocurrency data analytics platform, has launched a new EthereumPoW (ETHW) explorer. The solution will provide multi-dimensional on-chain data for the forked Ethereum network, which includes address overview, transaction information, block information, etc.
“New ETHW Explorer Launched!! https://oklink.com/en/ethw. OKLink has launched the ETHW explorer, providing multi-dimensional on-chain data including transaction information, address overview, gas fee, block information, large transactions, and so on,” the official Twitter account of EthereumPoW tweeted.
ETHW Launches Following ETH 2.0 Development
Following Ethereum’s plan to transition from a Proof-of-Work algorithm to a Proof-of-Stake consensus, miners slammed the idea, saying they would not move to the PoS network.
Based on this, a fork of the Ethereum network was conducted to enable miners to continue with the existing PoW algorithm. EthereumPoW was launched by prominent miner Chandler Guo. After the launch of Ethereum Merge, EthereumPoW shared important details about the forked network, including the official RPC that users can add to their wallets and block explorer.
How to set up your wallet RPC, with OKLink explorer. https://t.co/SEnL09ocGX pic.twitter.com/aTbNhICU7W
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 15, 2022
Less than an hour after the link to EthereumPoW’s OKLink block explorer was shared, the ETHW website server crashed as a result of heightened user activities.
ETHW Support Grows Despite Controversies
Since the launch of ETHW, there has been a lot of Fear, Uncertainty, and Doubt (FUD) around the project. People have warned about the likelihood of replay attacks, which could stem from interaction in the chain IDs between the forked Ethereum and the Proof-of-Stake ETH. Thus, allowing malefactors to submit transactions on both chains, and putting investors who interact with the forked Ethereum at risk of losing their ETH PoS coins.
Despite these fears, EthereumPoW has continued to receive numerous support from cryptocurrency exchanges such as FTX, Bybit, and Bitmart.
ETHW Spot Trading is already on FTX, ByBit, and BitMart. pic.twitter.com/QuziVUGhbe
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 15, 2022
ETH PoS Successes
Meanwhile, Ethereum Merge has had a smooth launch, with significant successes recorded so far. According to famous cryptocurrency investor, Lark Davis, Ethereum has become more deflationary following the launch of Merge.
#ethereum is already deflationary in the first minutes after The Merge! pic.twitter.com/y0FYQYmk2R
— Lark Davis (@TheCryptoLark) September 15, 2022
He added that over 185 Ethereum coins have been burnt since the merge upgrade went live.
185 #ethereum burnt since the merge! pic.twitter.com/znBF3Z504e
— Lark Davis (@TheCryptoLark) September 15, 2022