EthereumPoW
Current price
$0.2412
−6.55%24h
LiveUpdated 39s ago
TodayEthereumPoW drops 6.5%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.25%
- 24 hours−6.55%
- 7 days−11.29%
- 30 days−3.56%
- 1 year−75.95%
EthereumPoW's move in context
Lagging the market today
−6.55% today against −3.26% for the market as a whole, a gap of 3.3 points. A gap this wide suggests something specific to EthereumPoW may be moving it, not just the market mood.
Part of a slide
−11.3% over 7 days and −3.6% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About EthereumPoW
Overview
EthereumPoW (ETHW) is a decentralized cryptocurrency that emerged from the well-known Ethereum blockchain following its transition to a proof-of-stake consensus mechanism. Unlike Ethereum, which aims to provide scalability and energy efficiency through its new model, EthereumPoW keeps the original proof-of-work consensus to facilitate decentralization and empower miners. The core mission of EthereumPoW is to support a secure environment for decentralized applications while giving miners a platform to continue their operations. The distinguishing features of EthereumPoW include its commitment to maintaining the original ethos of Ethereum, which emphasizes decentralization and the right to mine in an energy-intensive network.
Technical Features
EthereumPoW operates using a proof-of-work consensus mechanism similar to that of Bitcoin. This ensures a high level of security, making it difficult for any single entity to control a majority of the network's hashing power. The network architecture is designed to be scalable, enabling nodes to participate easily and maintain fast transaction speeds. One significant technical feature of EthereumPoW is its use of the Ethash hashing algorithm, which protects against specialized mining equipment, thereby promoting a more equitable mining environment. The ecosystem is further enriched by its compatibility with Ethereum’s existing smart contracts and tools, allowing developers to migrate or create dApps seamlessly.
Use Cases
The primary use cases of EthereumPoW lie within decentralized finance (DeFi), where it serves as a medium for financial transactions without intermediaries. Additionally, EthereumPoW facilitates governance through processes that allow token holders to suggest and vote on network upgrades and changes. It also plays a crucial role in non-fungible tokens (NFTs), allowing users to create, buy, and sell unique digital assets. Furthermore, EthereumPoW is designed to support cross-border payments with low transaction fees and fast processing times, making it an attractive option for users seeking efficient remittance solutions. Finally, smart contract functionality enables developers to create automated agreements, enhancing trust and efficiency across various sectors.
Development Background
EthereumPoW emerged as a fork of Ethereum in 2022, shortly after Ethereum transitioned to proof-of-stake with the Merge. The community around EthereumPoW felt strongly about maintaining a proof-of-work model, leading to its establishment. The development has been supported by various contributors from the cryptocurrency space, particularly those who advocated for decentralized mining. Prominent events following its inception include the successful launch of its mainnet, which allowed existing Ethereum users and miners to swap their ETH for ETHW, creating an initial distribution and adoption of the new token.
Community and Ecosystem
The EthereumPoW community is a dynamic ecosystem comprising developers, miners, and users dedicated to advancing the platform. Various partnerships with DeFi projects, NFT marketplaces, and wallet providers have emerged to enhance the functionality and usability of EthereumPoW. The community is supported by active forums, social media discussions, and events that focus on educating users and developers about the benefits of the platform. Numerous applications and tools are being built on EthereumPoW, making it increasingly integrated into the broader cryptocurrency and blockchain ecosystem.
Future Potential
EthereumPoW holds significant future potential as it seeks to reclaim the emphasis on decentralization and security that many in the cryptocurrency community value. Its technology allows for continued mining operations that are pivotal in maintaining network integrity. As EthereumPoW evolves, it is poised to introduce new features and enhancements that address scalability and user experience. The roadmap includes plans for further integration with DeFi applications, expanding its utility and adoption. With ongoing community support and a focus on improving the network, EthereumPoW aims to establish itself as a leading competitor in the landscape of cryptocurrencies dedicated to proof-of-work.
EthereumPoW market
- Position by market cap among the coins we track.
- #296
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $26.01M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.2379High $0.2581
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $58.54
- Now 0% of itReached 3 Sept 2022 · Needs +24,170% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 107.82M ETHW
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
EthereumPoW converter
1 EthereumPoW = $0.2412
