Business In News
- The team behind plans to hard fork Ethereum’s proof-of-work blockchain reaffirmed its launch timeline.
- Final node configurations and other relevant data will roll out for network participants today.
- The core ETHW team published a 60-minute countdown for the mainnet launch info.
- Bybit announced support for the forked token airdrop and trading.
Plans to hard fork Ethereum’s proof-of-work blockchain will continue following a successful Merge transition in the early hours of Thursday, September 15. The team behind the fork dubbed “EthereumPow or ETHW” released a tweet to reaffirm the mainnet launch timeline.
Ethereum’s switch from its former PoW consensus mechanism to proof-of-stake went live on Thursday after almost 7 years of work and development. Following the Merge, the Ethereum chain showed improved block stability. Ethereum founder Vitalik Buterin further highlighted that one of crypto’s biggest blockchains effectively optimized its energy needs by 99%.
ETH core developer Justin Drake estimates the PoS upgrade could reduce global energy usage by 0.20.
Ahead of the Merge, EthereumWorldNews reported that ETHW could go live 24 hours after Ethereum’s switch to proof-of-stake. The team announced a download link with configuration data for exchanges, miners, and other network participants. Interested parties can also download a 1.1 terabyte snapshot of the blockchain.
Today’s announcement suggests that developers plan to release more technological data for ETHPoW network participants on Thurday. The team released a countdown as PoW proponents anticipate the mainnet launch.
If successful, the Ethereum network would have three existing versions; two PoW chains in Ethereum Classic (ETC) and EthereumPoW (ETHW), with one PoS chain known as Ethereum.
ETHW Airdrop Supported By Bybit
Crypto exchange Bybit declared support for EthereumPoW on Thursday hours after the merge. The exchange announced backing for ETHW token distribution and airdrop. Bybit also teased perpetual listing for a ETHW/USDT pair.