The talks and plans for an Ethereum Proof-of-Work fork after the Merge have been mounting for fairly some time, and it appears that evidently it will likely be happening shortly after the migration to Proof-of-Stake.
In response to EthereumPoW’s newest Twitter thread, the Proof-of-Work fork will happen 24 hours following the Merge.
- The thread failed to supply the exact timing however mentioned that it will likely be revealed 1 hour earlier than the launch “with a countdown timer and the whole lot together with last code, binaries, config information, nodes data, RPC, explorer, and so on. can be made public when the time’s up.”
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022
- Apparently, the ETHPoW mainnet will begin on the block top of the merge and extra 2048 empty blocks That is to be sure that the “chainID switches to 10001 efficiently and the chain is the longest chain of ETHW.”
- This additionally implies that the Merge block + 2049 would be the very first block on the ETHW chain which will include transactions.
- The Merge is at the moment estimated to happen on September fifteenth.
- As CryptoPotato reported earlier, some exchanges have overtly acknowledged that they’ll present assist for forked tokens. These embrace Poloniex, BitMEX, and others.
- Binance has additionally acknowledged that it’ll credit score customers’ accounts with cash from the minority fork at a 1:1 ratio whereas retaining the ETH ticker for the Ethereum PoS chain.