EthereumPoW (ETHW)

Mining and Network Security

EthereumPoW is used to reward miners who validate transactions and add new blocks to the blockchain using the Proof of Work method.

Decentralized Applications (dApps)

It supports decentralized finance (DeFi) platforms for lending and trading, NFT marketplaces for digital assets, and blockchain-based gaming and metaverse projects.

Trading and Investment

ETHW tokens can be bought, sold, and traded on various crypto exchanges, allowing users to engage in arbitrage and investment activities.

Ecosystem Use

Users can use EthereumPoW tokens to buy or sell goods and services within its ecosystem, supporting transactions on the EthereumPoW blockchain.

Pros

• EthereumPoW uses the Proof-of-Work (PoW) consensus, allowing miners to continue mining with existing hardware.
• It is supported by some well-known exchanges, making it accessible for trading.
• Anyone can participate in the network, promoting decentralization.
• It maintains compatibility with Ethereum’s smart contracts and decentralized applications (DApps).
• Offers a secure and proven blockchain foundation based on the original Ethereum system.

Cons

• PoW requires more expensive mining equipment and higher energy consumption compared to newer methods.
• The network can experience congestion, leading to higher transaction fees and slower processing times.
• It is less efficient than Proof-of-Stake (PoS) systems, which are designed to be faster and cheaper.
• Limited support from the broader Ethereum community and ecosystem since most moved to PoS.
• Some technical challenges and lower adoption compared to the main Ethereum chain.

Founders

EthereumPoW was created by a group of developers and miners from the Ethereum community who wanted to keep using proof-of-work after Ethereum switched to proof-of-stake. There isn't a single founder, but key figures include Vitalik Buterin and Gavin Wood, who were also among the original Ethereum founders. Kevin Zhang is another notable contributor who supported the EthereumPoW fork.

Original Ethereum Founders

Vitalik Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio, Joseph Lubin, Mihai Alisie, Amir Chetrit, and Jeffrey Wilcke are recognized as the original Ethereum founders, with Buterin being the main visionary behind the project.

Supporters

Justin Sun, founder of Tron, has also supported EthereumPoW after the fork.

Investors in EthereumPoW

EthereumPoW is mainly supported by a community of sovereign developers and miners, led by crypto industry veteran Chandler Guo. The project attracted attention from miners who opposed Ethereum's shift to Proof-of-Stake. Notable supporters include Justin Sun, founder of Tron and investor in Poloniex, who campaigned for EthereumPoW and donated some forked ETHW tokens to help build the ecosystem. The core group behind EthereumPoW is an anonymous collective called ETHW Core, made up of crypto enthusiasts and investors aiming to keep Ethereum's original Proof-of-Work system alive.

Halal Status of EthereumPoW

• Yes, EthereumPoW is generally considered halal by Islamic scholars who evaluate cryptocurrencies based on Shariah principles.
• The reasoning is that EthereumPoW, like Ethereum, functions as a utility token and a digital asset without involving interest (riba) or prohibited activities.
• However, the halal status can depend on how the token is used, focusing on ethical and permissible purposes under Islamic law.