Cryptocurrency Q&A
What is eth PoW on binance?
What is eth PoW on binance?
Sara
Wed Dec 25 2024
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7 answers
1852
A user inquiry about 'eth PoW on binance' likely refers to the PoW (Proof-of-Work) version of Ethereum, specifically the ETHW token, which was listed and supported by Binance following the Ethereum Merge. ETHW is a hard fork of Ethereum that continues to use the PoW consensus mechanism, allowing miners to continue mining using expensive and energy-intensive equipment.
7 answers
emma_carter_doctor
Fri Dec 27 2024
This terminology serves as a reference to the network's position and dedication.
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Elena
Fri Dec 27 2024
The network has a firm stance regarding the use of the PoW consensus algorithm.
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CherryBlossomGrace
Fri Dec 27 2024
Initially, Ethereum employed the PoW consensus algorithm for network validation.
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GwanghwamunGuardian
Fri Dec 27 2024
This algorithm played a crucial role in the early days of Ethereum's blockchain.
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HanbokGlamourQueen
Fri Dec 27 2024
ETHPoW is an acronym that stands for Ethereum Proof-of-Work.
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