The Merge is approaching, and the team behind EthereumPoW (ETHW), a proof-of-work (PoW) spinoff from the Ethereum blockchain, on Monday detailed plans to officially launch its hard fork.
នេះបើយោងតាម ខ្សែស្រឡាយ posted by the EthereumPoW Twitter account, the fork will be deployed soon after the Merge on September 15.
Forking The Ethereum Merge
Ethereum is set to switch off its proof-of-work consensus mechanism and turn to a proof-of-stake (PoS) security model. The landmark Merge event is expected to land this coming Thursday. In shifting from PoW, Ethereum will rely on validators rather than miners to verify transactions and secure the network. Ether holders can validate the network by staking their assets and receive rewards in return for their services.
Though most Ethereum stakeholders welcome the transition from the energy-intensive PoW system to the greener PoS, a group of resisters is against the significant upgrade. Those against Ethereum’s move to PoS have proposed forking the network, producing a competing version of the blockchain that keeps the old PoW chain alive.
The Monday announcement revealed that the ETHW mainnet would go live 24 hours after the Merge. The team did not give a precise time, noting that this information would be made available “1 hour before launch with a countdown timer, and everything including final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the time’s up.”
Source: https://zycrypto.com/ethereumpow-fork-team-officially-announces-date-for-mainnet-launch/