Buy EthereumPoW (ETHW)
What is EthereumPoW?
EthereumPoW (ETHW) is a hard fork of the Ethereum blockchain that retains the original Proof of Work (PoW) consensus mechanism. It was created following Ethereum's transition to Proof of Stake (PoS), aiming to allow miners to continue mining using their existing hardware and maintaining the traditional PoW model.
How does EthereumPoW work?
EthereumPoW operates on the Proof of Work consensus mechanism, similar to the original Ethereum blockchain. In this system, miners compete to solve complex mathematical puzzles to validate transactions and add new blocks to the blockchain. ETHW continues to use the Ethash algorithm, requiring computational power to solve the blocks and rewarding miners for their efforts.
What are the potential use cases for EthereumPoW?
EthereumPoW can support various decentralized applications (DApps) and industries, similar to Ethereum. Potential use cases include:
- Decentralized Finance (DeFi): Supporting platforms for lending, trading, and other financial services.
- Non-Fungible Tokens (NFTs): Facilitating the creation and trading of digital assets.
- Gaming and Metaverse Projects: Providing infrastructure for blockchain-based games and virtual worlds.
- Supply Chain and Real Estate: Although not directly noted for ETHW, there could be room for applications in these areas.
What is the history of EthereumPoW?
EthereumPoW was proposed by Ethereum miners, led by figures like Chandler Guo, as a response to the network's transition to PoS. The ETHW mainnet launched on September 15, 2022, closely following Ethereum’s Merge, to preserve the PoW mechanism. Initially, ETHW was credited to ETH holders at a 1:1 ratio by several exchanges. Since its inception, the platform has experienced significant market challenges, but it remains a showcase for supporting traditional mining communities within the broader crypto landscape.
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Frequently Asked Questions (FAQs)
What is the current price of EthereumPoW (ETHW)?
The EthereumPoW price is $5.1317 AUD, representing a -4.71% from the day prior.
Where is the best place to buy EthereumPoW (ETHW) in Australia?
The best place to buy EthereumPoW (ETHW) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell EthereumPoW (ETHW) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of EthereumPoW (ETHW)?
The trading volume of EthereumPoW (ETHW) is $51.2M AUD in the last 24hrs, representing a -4.71% from the day prior.
How can I buy EthereumPoW (ETHW)?
EthereumPoW (ETHW) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of EthereumPoW (ETHW)?
The current market cap of EthereumPoW (ETHW) is $545.3M AUD.
Can I convert EthereumPoW (ETHW) to cash?
Yes - With Coinstash you can convert your EthereumPoW (ETHW) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many EthereumPoW (ETHW) are there?
The current circulating supply of EthereumPoW (ETHW) is 107.8M.
Is Coinstash a safe place to buy EthereumPoW (ETHW) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling EthereumPoW (ETHW) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.