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

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[디지털투데이 황치규 기자]ETHPoW Mainnet, separated from Ethereum, with the aim of maintaining the current PoW method while the so-called Merge, where Ethereum switched from proof-of-work (PoW) to a proof-of-decision consensus mechanism (PoS). , complete 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 had problems accessing the network as soon as ETHPoW expired on the 15th.

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

According to Decrypt, the chain ID identified 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 very likely that this problem was not discovered in the test before the ETHPoW hard fork, Decrypt said.

Meanwhile, the ETHPoW ETHW network coin price also plunged. According to Defiant, on the 17th, the price of ETHW dropped by almost 75% compared to the previous day.