Discover how to buy EthereumPoW (ETHW) in Singapore on an exchange you can trust

What is EthereumPoW?

EthereumPoW (ETHW) is a blockchain network that continued the original Ethereum proof-of-work (PoW) consensus after Ethereum’s main chain transitioned to proof-of-stake (PoS) in September 2022 during “The Merge.” Before The Merge, Ethereum was secured by miners who solved computational puzzles to validate blocks. Post-Merge, Ethereum now uses validators and staking to secure the network. A portion of the Ethereum mining community, concerned about the economic displacement of miners and the security and decentralization properties of PoW, forked the Ethereum codebase at the moment of The Merge to preserve a PoW variant. The result is EthereumPoW: a chain that shares Ethereum’s state up to the fork point (account balances, contracts, NFTs) but has since evolved separately with its own native asset (ETHW), network rules, and community.

ETHW trades on several exchanges, is supported by select wallets and infrastructure providers, and aims to serve users and developers who prefer a PoW security model or who want an alternative EVM-compatible chain distinct from Ethereum (ETH).

How does EthereumPoW work? The tech that powers it

• Consensus mechanism: Proof-of-Work (PoW)

  • EthereumPoW uses a PoW algorithm to secure the network. Historically, Ethereum used Ethash; EthereumPoW has adopted a variant compatible with GPU mining. The network’s security derives from the cumulative work miners expend to find valid blocks, making it expensive to attack the chain.
  • Block production: Miners collect transactions into blocks, compute hashes under the PoW constraints, and broadcast valid blocks to the network. The longest/most-work chain is considered canonical.

• EVM compatibility and smart contracts

  • Like pre-Merge Ethereum, EthereumPoW runs the Ethereum Virtual Machine (EVM), enabling Solidity smart contracts, ERC-20 tokens, and ERC-721/1155 NFTs. Developers can port most Ethereum tooling (Solidity compilers, Hardhat, Foundry, web3 libraries) with minimal changes by pointing to ETHW RPC endpoints.

• Network architecture and clients

  • Execution layer: Forked from the upstream Ethereum execution client codebases (e.g., Geth-based variants). This layer handles transaction processing, state transitions, and EVM execution.
  • Consensus specifics: Without The Merge’s PoS consensus, EthereumPoW retains the pre-Merge PoW consensus logic. Difficulty adjustment targets block times roughly comparable to pre-Merge Ethereum (around 13–15 seconds historically), subject to the chain’s specific parameters and hash rate.
  • Nodes: Full nodes verify all transactions and blocks, light clients verify headers and request proofs, and miners run full nodes plus mining software to participate in block production.

• Tokenomics and monetary policy

  • ETHW is the native token used for transaction fees and miner rewards. At the fork, balances mirrored Ethereum’s balances at the snapshot block; from that point onward, ETHW supply, issuance, and burns follow EthereumPoW’s own rules.
  • EIP compatibility: Many pre-Merge Ethereum improvements (e.g., gas pricing via EIP-1559) exist in the codebase; however, the actual behavior on ETHW—including base fee dynamics and any burn mechanisms—depends on the EthereumPoW team’s implementation choices and subsequent network upgrades. Some PoW forks have disabled base fee burning to preserve miner incentives; users should verify current parameters via the official ETHW documentation or block explorers.

• Tooling and infrastructure

  • Wallets: EVM-compatible wallets (e.g., MetaMask, hardware wallets) can connect by adding the ETHW network configuration. Users must take care to avoid replay issues and confirm chain IDs before transacting.
  • Oracles and bridges: Oracle networks and cross-chain bridges are not guaranteed to support ETHW; integrations vary. Liquidity and DeFi functionality depend on the availability of robust oracle feeds and bridged assets native to ETHW.

What makes EthereumPoW unique?

• Preservation of PoW security on an Ethereum-like chain: ETHW offers an alternative for those who prefer the game-theoretic and operational characteristics of PoW—hash-based finality, miner economics, and established GPU mining ecosystems—while retaining Ethereum’s developer experience and EVM compatibility.

• Miner-centric ecosystem: By forking at The Merge, ETHW provided continuity for miners who otherwise had to migrate to other PoW chains or repurpose hardware. This positioning can attract communities built around mining, mining pools, and GPU-based infrastructure.

• EVM compatibility with differentiated policy: ETHW’s governance and economic parameters (e.g., issuance, gas policy, potential burn settings) can diverge from Ethereum’s, creating a distinct monetary and fee environment while keeping smart contract compatibility.

• Snapshot inheritance of state and assets: At launch, ETHW mirrored Ethereum’s state, meaning many addresses and contracts existed on both chains. This created immediate on-chain activity, but also required careful handling by users and developers to manage duplicated tokens and avoid confusion.

EthereumPoW price history and value: A comprehensive overview

• Initial listing dynamics: Following The Merge in September 2022, ETHW began trading on several centralized exchanges. Prices were volatile as markets discovered fair value for the forked asset. Early price action often reflects speculative interest, exchange listings, and the distribution of ETHW to ETH holders on supporting platforms.

• Post-launch volatility: Like many forked assets, ETHW’s price has experienced significant swings tied to:

  • Hash rate migration and miner profitability (electricity costs, GPU markets).
  • Exchange support, liquidity depth, and derivatives availability.
  • Ecosystem growth: DeFi protocols, stablecoin support, oracle integrations, and developer activity.
  • Broader crypto market cycles: Risk appetite, Bitcoin and Ethereum trends, and macro conditions.

• Liquidity and market structure: Liquidity tends to be concentrated on a subset of exchanges. Spreads and slippage can be higher than on Ethereum or large-cap assets, especially during periods of news or hash rate shifts. On-chain liquidity in DEXs depends on the presence of stablecoins and wrapped assets, which may be limited compared to Ethereum.

Note: For the latest and historical price data, consult reputable sources such as major exchanges, CoinGecko, CoinMarketCap, or institutional market data providers. Always confirm tickers (ETHW) to avoid confusion with similarly named assets.

Is now a good time to invest in EthereumPoW?

Whether ETHW is a suitable investment depends on your thesis, risk tolerance, and time horizon. Consider the following factors:

• Investment thesis

  • Bull case: You believe in PoW’s long-term security model for EVM chains, expect miner communities to coalesce around ETHW, and anticipate growing developer traction, infrastructure integrations, and unique economic policies that differentiate ETHW from Ethereum.
  • Bear case: You expect most developer and user activity to remain on Ethereum PoS and other well-capitalized chains, limiting ETHW’s network effects, liquidity, and application diversity. You see sustained pressure on miner economics and limited institutional support.

• Key risks

  • Ecosystem support: Limited participation from oracles, stablecoin issuers, bridges, and major DeFi protocols can cap utility.
  • Security and hash rate: A lower or fluctuating hash rate raises concerns about network security and resistance to reorgs or 51% attacks.
  • Liquidity risk: Fewer markets and thinner books can increase volatility and execution risk.
  • Governance and upgrades: Divergence from Ethereum’s roadmap may create technical debt or fragmentation if not managed by capable maintainers.

• Due diligence checklist

  • Verify active development: Review the EthereumPoW GitHub, client releases, and roadmap.
  • Track network metrics: Hash rate, block times, uncle/orphan rates, active addresses, and transaction throughput via ETHW explorers.
  • Evaluate ecosystem: Which wallets, oracles, bridges, and protocols support ETHW? How much total value is locked on-chain?
  • Assess market structure: Exchange listings, liquidity depth, funding rates for derivatives, and listing policies.
  • Understand custody: If using centralized platforms, confirm how ETHW deposits/withdrawals are handled. For self-custody, confirm chain IDs, RPC endpoints, and replay protection.

• Position sizing and strategy

  • Given ETHW’s volatility and ecosystem maturity, conservative position sizing, staged entries, and explicit risk controls (stop-losses, diversified exposure) are prudent.
  • Long-term holders should be prepared for extended drawdowns and uncertain timelines for ecosystem growth.

Disclaimer: This is not financial advice. Always perform independent research and consult a qualified advisor before investing.

If you plan to interact with EthereumPoW, start by adding the ETHW network to a trusted EVM wallet, verify official RPC and chain ID details from reputable sources, and test with small transactions first. As the ecosystem evolves, reassess your thesis based on measurable adoption, security, and liquidity indicators.