EthereumPoW
Crypto Overview
Understanding EthereumPoW
EthereumPoW (ETHW) emerged as a hard fork of Ethereum following the Merge event in September 2022, when Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS). The project aims to preserve the PoW mining ecosystem that existed before the Merge, maintaining a platform for miners to continue their operations.
Intended Utility
The primary stated purpose of ETHW is to serve as a continuation of the original Ethereum PoW chain, supporting smart contracts, DApps, and maintaining a decentralized computing platform while preserving the mining community's interests. The project claims to offer an alternative to those who believe in the security and decentralization benefits of PoW consensus.
Actual Utility and Usage
Current data shows limited adoption and declining network activity. As of 2024, ETHW has significantly fewer active developers, DApps, and users compared to Ethereum. Mining activity exists but has decreased substantially since launch. Most major DeFi protocols and tokens have not supported the fork, leading to a fragmented ecosystem.
Token Distribution and Governance
The token distribution mirrors the original Ethereum chain at the time of the fork, meaning holders of ETH received an equal amount of ETHW. There was no pre-mine or additional token allocation to the development team. The project is maintained by a decentralized community of developers and miners.
Development Activity
GitHub activity shows minimal original development, with most updates being ports of Ethereum improvements. The core development team remains largely anonymous, raising some concerns about long-term sustainability and accountability.
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.