After Ethereum Merge, ETHPoW Users Keep Having Problems
After The Merge, the ETHPoW network branch also released its own mainnet to preserve proof of work on a forked version of Ethereum. However, network users are constantly experiencing issues, and the cause is believed to stem from the chain ID, which has not been fixed.
As was updated in the previous Coincu News article, on September 15th, Ethereum took place the historic The Merge. The Merge took place very successfully in the expectation of the entire crypto community. The Ethereum network officially switched from PoW to PoS.
Hours after Ethereum successfully completed its historic merge to proof of stake, ETHPoW – the network’s rival offshoot, intended to preserve proof of work on a forked version of Ethereum – took its own mainnet live.
However, the joy for ETHPoW enthusiasts did not last long as network users continued to experience problems that caused the situation to become chaotic.
Users immediately noticed that part of the problem lay in the issue of ETHPoW choosing a chain ID that was already in use.
Chain IDs, created to facilitate the hard fork of Ethereum Classic in 2016, serve as a fingerprint for a specific network and help blockchains confirm the unique identity of on-chain assets. The chain ID designated by ETHPoW’s was apparently already in use by a Bitcoin Cash testnet.
As there is no central authority or registry of chain IDs, chain IDs can be chosen arbitrarily. Nonetheless, pre-hardfork testing would likely have uncovered the conflict.
As previously updated by Coincu News, chain IDs were again a top concern for ETHPoW leadership in the weeks leading up to the consolidation. Days ago Coinbase Distinguished Software Engineer Roberto Bayardo submitted a GitHub pull request on behalf of Coinbase to clarify EthereumPoW fork code availability and activation, where it was noted that a new chainID had yet to be submitted, and that using the same chainID post-merge would pose a significant risk to replay, or double-spend attacks.
Essentially, scammers could replicate a transaction from the ETHPoW network, on the real Ethereum network, if both networks possessed the same chain ID.
Before The Merge, ETHPoW launched its token, ETHW, the wait and excitement of the users about the network led the price of ETHW to reach $48.09, up nearly 55% earlier. However, after the network officially launched and news of the crash caused the token to drop more than 71% within 24 hours. ETHW is currently trading at $21.33.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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After Ethereum Merge, ETHPoW Users Keep Having Problems
After The Merge, the ETHPoW network branch also released its own mainnet to preserve proof of work on a forked version of Ethereum. However, network users are constantly experiencing issues, and the cause is believed to stem from the chain ID, which has not been fixed.
As was updated in the previous Coincu News article, on September 15th, Ethereum took place the historic The Merge. The Merge took place very successfully in the expectation of the entire crypto community. The Ethereum network officially switched from PoW to PoS.
Hours after Ethereum successfully completed its historic merge to proof of stake, ETHPoW – the network’s rival offshoot, intended to preserve proof of work on a forked version of Ethereum – took its own mainnet live.
However, the joy for ETHPoW enthusiasts did not last long as network users continued to experience problems that caused the situation to become chaotic.
Users immediately noticed that part of the problem lay in the issue of ETHPoW choosing a chain ID that was already in use.
Chain IDs, created to facilitate the hard fork of Ethereum Classic in 2016, serve as a fingerprint for a specific network and help blockchains confirm the unique identity of on-chain assets. The chain ID designated by ETHPoW’s was apparently already in use by a Bitcoin Cash testnet.
As there is no central authority or registry of chain IDs, chain IDs can be chosen arbitrarily. Nonetheless, pre-hardfork testing would likely have uncovered the conflict.
As previously updated by Coincu News, chain IDs were again a top concern for ETHPoW leadership in the weeks leading up to the consolidation. Days ago Coinbase Distinguished Software Engineer Roberto Bayardo submitted a GitHub pull request on behalf of Coinbase to clarify EthereumPoW fork code availability and activation, where it was noted that a new chainID had yet to be submitted, and that using the same chainID post-merge would pose a significant risk to replay, or double-spend attacks.
Essentially, scammers could replicate a transaction from the ETHPoW network, on the real Ethereum network, if both networks possessed the same chain ID.
Before The Merge, ETHPoW launched its token, ETHW, the wait and excitement of the users about the network led the price of ETHW to reach $48.09, up nearly 55% earlier. However, after the network officially launched and news of the crash caused the token to drop more than 71% within 24 hours. ETHW is currently trading at $21.33.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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