What Is EthereumPoW? How To Claim ETHW (ETH PoW) Airdrop coins After ETH 2.0 Merge
What Is EthereumPoW?
ETHW is a hard fork of the original Ethereum blockchain network, which went live after The Merge. EthereumPoW will continue with the contentious PoW consensus mechanism, while Ethereum will move over to the energy-efficient PoS consensus.
EthereumPoW is a Proof of Work version of Ethereum which is a community driven initiative. As Ethereum transitioned to POS rendering miners and making their equipment’s obsolete a China-based Ethereum miner Chandler Guo proposed an alternative plan. ETHW Core was formed which is a group of independent software developers and miners lead by veteran Chandler Guo. The highly anticipated update to the Ethereum blockchain, The Merge, took place on September 15, 2022. Crypto enthusiasts eagerly looked forward to the shift from proof of work (PoW) to proof of stake (PoS) consensus.
The snapshot was taken at the Merge block. The exact time at — https://etherscan.io/block/15537393
Everyone who held ETH on Ethereum blockchain before the fork will receive the same amount of ETHW (new PoW blockchain’s native token) after the merge.
How to claim Ethereum POW in Metamask?
You basically have ETHW waiting for you in your address. To claim ETHW you only have to connect your Metamask to ETHPoW network. Then switch to ETHPoW mainnet and you’ll see ETHW in equal amounts to ETH that you had in your ETH address.
Before you connect to the network and access the coins first check whether you have ETHPoW ETHW tokens in your ETH address. How to check your ETHW balances?
Visit ETH PoW explorer and enter your Metamask ETH address or any wallet ETH address where you were holding ETH before the Merge:
Etherscan equivalent for ETHW (ETHPoW): https://www.oklink.com/en/ethw
Ethereum PoW website: https://ethereumethw.org/
Alright! Let’s now see how to connect Metamask to ETH PoW and claim the ETHW coins.
Steps to connect Metamask to ETHPoW
Step 1.
- Connect to Metamask open the network settings menu, click add new network and add ETHPoW as a new network.
Step 2.
- Fill in the necessary network information such as New RPC URL, Chain ID, Currency Symbol and Block Explorer.
Step 3.
- Once done click save. Metamask will then automatically connect you to ETHPoW network and display the ETHW balance under your account. You can either keep it or send it to an exchange and sell it.
Go to Metamask, drop down Ethereum mainnet and click Add Network. Then add the following ETHPoW mainnet info and click save.
For example if you hold 100 ETH you’ll receive 100 ETHW on ETHPoW chain.
Ethereum PoW Mainnet Info
- Network Name: ETHW-mainnet
- New RPC URL: https://mainnet.ethereumpow.org
- Chain ID: 10001
- Currency Symbol: ETHW
- Block Explorer URL: https://www.oklink.com/en/ethw
- After you have added the information click save and Metamask will connect you to the ETHW-Mainnet. You should now see equivalent amount of ETHW tokens under your account. You can wish to keep it in same address, send it to different address or send it to exchange and sell it.
How to claim ETHW on BNB chain? Binance wallet
In general, any wallet that supports custom RPC will work.
Here we use Binance as an example
Step 1.
- Install Binance wallet, either the browser plugin or the phone app. Remember: do not leak your mnemonic phrases or private key to anyone.
Step 2.
Connect to Binance Wallet Click on the dropdown menu at the top. And click the "EthereumPoW Network" button at the bottom of the menu.
Step 3.
- In the new window opened, fill in the following info. Ignore any warning and click "Save".
- Network Name: ETHW-mainnet
- New RPC URL: https://mainnet.ethereumpow.org
- Chain ID: 10001
- Currency Symbol: ETHW
Step 4.
- If you cannot connect to the network, try to use or change VPN.
- Now your ETHW token balance should be automatically shown in your wallet.
- New RPC URL: https://mainnet.ethereumpow.org
How about claiming the ETHW fork coins using other wallets? Tutorial: Set Up MyETHW Wallet and Claim Airdrop.
ETHPoW claiming process: If you held ETH on MyEtherWallet, Exodus, Coinbase, Trust Wallet, Coinomi, or Hyper Ledger, then import its private key into MyETHW and connect MyETHW to EthereumPoW to access the coins. Or you can import the particular wallet’s seed phrase on MyETHW wallet. But be very careful when doing this. You should never ever share your private key or recovery phrase with anyone.
If You Haven't Claimed Your ETHW Airdrop Yet, Here's How!
Follow this step-by-step guide to claim ETHW on MyETHW wallet.
Step 1.
- Create a new ETHW wallet Make sure to write down the password because we do not store it on our server. If you are an existing user, just log in to your wallet with your password.
Step 2.
- Click "Create a new ETHW wallet" or click the "Import Wallet" above. Then, hit "Ok."
Step 3.
- Click "Setting" and hit "Import ETH wallet." The ETHW wallet will appear on your list. Download and save the backup file.
Step 4.
- After that, the amount of Ethereum held in your wallet at the snapshot time will appear in your ETHW wallet.
Final Thoughts. After importing the ETHW to your wallet, you can:
- Simply store the token
- Send it to others using a wallet address or human-readable address
- Exchange the token for any cryptocurrency you want.
Where Can You Buy ETHPoW (ETHW)?
At the time of writing, ETHW is currently tradable on Poloniex, Gate.io, MEXC, Phemex, DigiFinex and CoinW.
Beware of scams:
Beware of Fake Ethereum PoW accounts on Twitter and Social Media. Such accounts promote fake giveaway of ETHW tokens. To take part in their “airdrops,” and to claim the tokens you’ll be asked to submit your wallet personal data via Google Forms. Avoid falling for such blatant scams. Never ever share your personal data or wallet data particularly private keys and recovery seed phrase with anyone.
How Many ETHW Coins Are There in Circulation?
With ETHW initially forking the Ethereum blockchain, the chain would start with the same circulating supply as proof-of-stake Ethereum. However, since the post-Merge Ethereum will have a much lower inflation rate than its current PoW version, the two chains would diverge in their coin supply. If EthereumPoW continues to be mined, its supply will grow at a faster rate than that of Ethereum on PoS.