Ethereum ‘ETHPoW’ based on proof-of-work, as soon as it debuts, it has a disability… and the price is 75% ‘drop’

[사진: 셔터스톡]

[디지털투데이 황치규 기자]The ETHPoW mainnet, which was separated from Ethereum, with the goal of maintaining the existing PoW method while the so-called Merge, in which Ethereum switched from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism, completed the upgrade From the outset, we were faced with a formidable situation.

According to foreign media such as Decrypt on the 16th (local time), users experienced problems accessing the network as soon as ETHPoW debuted on the 15th.

It is pointed out that choosing a chain ID that is already in use affected the problem. Created to enable the Ethereum Classic hard fork in 2016, Chain ID serves as a fingerprint for a specific network and enables blockchains to uniquely identify on-chain assets.

According to Decrypt, the chain ID specified by ETPoW appears to have already been used on the Bitcoin Cash testnet.

In the case of Chain ID, since there is no centrally controlled entity, it can be chosen arbitrarily, and it is highly likely that this problem was not found in the test before the ETHPoW hard fork, Decrypt said.

Meanwhile, the price of the ETHPoW network ETHW coin also plummeted. According to Defiant, on the 17th, the price of ETHW fell by nearly 75% compared to the previous day.

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