Cryptocurrency Q&A
What is the ETHW coin?
What is the ETHW coin?
Lorenzo
Tue Nov 19 2024
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6 answers
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ETHW coin, also known as EthereumPoW, is a digital currency that emerged from a hard fork of the Ethereum blockchain. This fork occurred when Ethereum transitioned from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism. ETHW aims to maintain the PoW consensus, allowing miners to continue their operations. The coin is used to pay network transaction fees and can be earned through mining and purchasing goods and services on the platform's decentralized applications (dApps).
6 answers
Lucia
Thu Nov 21 2024
When users initiate transactions or smart contracts on the ETHW network, they must pay a certain amount of ETH as a fee.
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Caterina
Thu Nov 21 2024
Miners, who validate and add transactions to the blockchain, are rewarded for their efforts.
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Michele
Thu Nov 21 2024
Ethereum Proof of Work (ETHW) is closely associated with the Ethereum token (ETH).
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Silvia
Thu Nov 21 2024
These rewards come in the form of newly minted ETH and transaction fees collected from users.
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CryptoDynastyLord
Thu Nov 21 2024
ETH serves as the transaction fuel for ETHW, enabling users to conduct various operations on the network.
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