Cryptocurrency Q&A
What is the difference between ETH and ETH PoW?
What is the difference between ETH and ETH PoW?
alexander_jackson_athlete
Thu Jun 20 2024
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7 answers
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Could you elaborate on the key differences between ETH and ETH PoW? As both seem to be related to Ethereum, I'm curious about the fundamental distinctions. Is ETH PoW a fork or a separate chain? What are the technical variations in consensus mechanisms, mining algorithms, or transaction processing? Additionally, how do these differences impact the value proposition, security, scalability, and community support for each? Clarifying these points would help me understand the nuances between the two.
7 answers
KimonoGlitter
Sat Jun 22 2024
This fork marked a divergence in the Ethereum community, leading to the emergence of Ethereum Classic as a separate entity.
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DongdaemunTrendsetterStyleIconTrend
Sat Jun 22 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to its users.
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ZenMindfulness
Sat Jun 22 2024
EthereumPOW specifically refers to the Ethereum network that operated on a Proof-of-Work (PoW) consensus mechanism in the aftermath of the hack.
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CryptoTamer
Sat Jun 22 2024
During this phase, EthereumPOW functioned independently while plans for the transition to Ethereum 2.0 and Proof-of-Stake (PoS) were being formulated.
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KimonoElegance
Sat Jun 22 2024
Ethereum Classic represents a distinct blockchain that persevered from the original Ethereum chain following a contentious fork resulting from a hack.
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