Ethereum enthusiasts saw the Merge successfully replacing PoW for PoS, but some still lean toward the old system, resulting in a new token. Here is an overview of ETHW.
Create an account on your selected platform/exchange and verify your identity.Users can go to the trading section and buy ETHW after their account has been funded.
But why do people use PoW Ethereum? Proof-of-stake critics prefer proof-of-work because they have already invested in expensive mining equipment, and the shift to a PoS network will leave them with no revenue.Hardware or software wallets can be utilized to store ETHW. Hardware wallets offer more security than software wallets as the funds are stored offline using wallets like Ledger Nano S.
and QR codes on a piece of paper. Again, if the document containing this information is lost or falls into the hands of unauthorized users, the owner’s ETHW cannot be recovered.After the Merge, the Ethereum network was split into two versions: ETH, which uses the PoS consensus algorithm, and ETHW, which uses the older PoW algorithm.
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