How to Add Ethereum Fork ETHW to MetaMask?
This was a big week for Ethereum. Ethereum merge has finally taken place and Ethereum has transitioned to its long-awaited proof-of-stake (PoS). It seems that everything has gone as per plan. The price of $ETH has dropped after the merge due to excessive speculations. EthereumPoW, the competitor of Ethereum that planned to maintain proof-of-work (PoW) consensus on a forked interpretation of Ethereum, launched its mainnet on Thursday afternoon. If you had $ETH on your Ethereum wallet during the merge, you also got a forked token on a different blockchain. This article details how to add $ETHW to MetaMask Wallet.
What is ETHW?
While maximum developers have welcomed Ethereum’s shift to PoS, many still believe that PoW was better in terms of blockchain security. EthereumPoW (ETHW) is Ethereum’s eventual PoW fork. Their website says, “Ethereum Foundation is shifting to a PoS fork while we decided to stay with the PoW Ethereum.” EthereumPoW aims to fill the gap left by Ethereum. It is too early to determine whether this new blockchain will be successful or not but definitely it is on news now. $ETHW is the native cryptocurrency of this blockchain just like $ETH of the Ethereum blockchain. Here you can find all links related to EthereumPoW.
Where is it trading?
ETHW IOU token started to trade on some major crypto exchanges weeks back. IOU stand for “I owe you” i.e.one party owes a debt to another one. Now many exchanges have started spot trading and deposit-withdrawal services for ETHW. At the time of writing, FTX & OKX together is handling more than 40% of ETHW trading.
How to add ETHW to Metamask?
Step 1: Download a MetaMask web browser extension wallet or if you already have the wallet, then log into your wallet.
Step 2: Now, go to ‘Networks’ and click on ‘Add Network’.
Step 3: Enter EthereumPoW network details and add the network on Metamask.
Step 4: Now, you have successfully connected your Metamask Wallet to EthereumPoW and you can see your airdropped $ETHW. You are free to transfer it and trade it.
Here is ETHW mainnet Information for adding it as a new network on Metamask
Network Name: ETHW-mainnet
New RPC URL: https://mainnet.ethereumpow.org
Chain ID: 10001
Currency Symbol: ETHW
Block Explorer URL (Optional): https://mainnet.ethwscan.com
According to some estimates, $ETH mining consumed about 0.2% of all the electricity produced in the world. $ETH mining does not exist at all now. Where will the miners shift? ETC and Ravencoin both reported a tremendous surge in their network hash rate recently. Will ETHW be able to draw the attention of the miners? Only time can tell that. ETHW price has been in an overall bearish trend since the launch of the IOU token. Currently, the token is trading above 12$ and a drop below 10$ can not be ruled out as price discovery is going on.