The talks and plans for an Ethereum Proof-of-Work fork after the Merge have been mounting for quite a while, and it seems that it will be taking place shortly after the migration to Proof-of-Stake.
According to EthereumPoW’s latest Twitter thread, the Proof-of-Work fork will take place 24 hours following the Merge.
- The thread failed to provide the precise timing but said that it will be revealed 1 hour before the launch “with a countdown timer and everything including final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the time’s up.”
— EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022
- Apparently, the ETHPoW mainnet will start at the block height of the merge and additional 2048 empty blocks This is to make sure that the “chainID switches to 10001 successfully and the chain is the longest chain of ETHW.”
- This also means that the Merge block + 2049 will be the very first block on the ETHW chain that may contain transactions.
- The Merge is currently estimated to take place on September 15th.
- As Crypto Potato reported earlier, some exchanges have openly stated that they will provide support for forked tokens. These include Poloniex, BitMEX, and others.
- Binance has also stated that it will credit users’ accounts with coins from the minority fork at a 1:1 ratio while retaining the ETH ticker for the Ethereum PoS chain.