EthereumPoW
Crypto Overview
Overview
EthereumPoW (ETHW) is a hard fork of Ethereum that emerged after Ethereum's transition to Proof of Stake in September 2022. It maintains the original Proof of Work consensus mechanism and aims to preserve mining-based validation of transactions.
Intended Utility
The primary purpose of ETHW is to serve as a continuation of the mining-based Ethereum ecosystem, allowing miners to continue their operations and users to execute smart contracts and transactions on a PoW chain. The project aims to maintain compatibility with Ethereum's pre-merge infrastructure while developing its own identity and use cases.
Actual Utility
ETHW maintains a functional blockchain with smart contract capabilities, though with significantly reduced activity compared to Ethereum. The network processes transactions and supports decentralized applications, maintaining the core functionalities of the original Ethereum chain. Mining operations continue actively on the network, providing security and transaction validation.
Business Model Assessment
The project operates transparently with open-source code and clear documentation. The network maintains the same fundamental properties as pre-merge Ethereum, including decentralized validation through mining and support for smart contracts. No inherently prohibited activities are built into the protocol.
Token Distribution
ETHW follows the same distribution model as Ethereum pre-merge, with tokens distributed through mining rewards and matching the pre-fork ETH holdings. There was no pre-mine or founder allocation specific to ETHW, as holders of ETH automatically received equivalent ETHW tokens at the fork.
Crypto Impact
To assign a comfort level investing in EthereumPoW from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to EthereumPoW.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.