NOWNodes is a great opportunity to join ETHW blockchain or to lighten you crypto infrastructure. Connect to full ETHW node, block explorer and testnet now!
The Ethereum (ETH) blockchain originally began through the utilization of the consensus mechanism known as Proof-of-Work (PoW), where the network was secured through the utilization of miners who would essentially contribute hardware and use energy to confirm the state of the blockchain and validate transactions.
However, upon the launch of "The Merge" upgrade over the Ethereum network, it switched to a Proof-of-Stake (PoS) consensus mechanism on the mainnet. Miners could no longer mine Ethereum's native cryptocurrency, ETH.
Ethereum PoW (ETHW) is a Proof-of-Work (PoW) fork of the Ethereum network. It is a community-based project where developers and miners can keep utilizing the PoW consensus mechanism. The blockchain fork copied all of the existing features, wallet balances, assets, and smart contracts, except for the stablecoins.
Ethereum PoW is supported by an unknown group of ETH miners that would ultimately be at a loss from the switch to PoS, and with ETHW forking the chain, it would start with the same circulating supply as the PoS Ethereum, however, will over time diverge in its own coin supply. Note that if Ethereum PoW continues to be mined, its supply can increase much faster than the Ethereum network that works under PoS.
Despite the existence of many other cryptocurrencies, Ethereum PoW has a lot of advantages and here are just a couple of them.
Not every Ethereum community member and user agreed with the switch to PoS, and as such, this fork represents a blockchain where they can keep mining cryptocurrency and carry out the original vision of the Ethereum blockchain.
Miners will no longer need to sell their mining machines or switch to another blockchain in order to get the most out of them, as all they need to do is switch the mining to this fork of Ethereum
A large community supports and utilizes Ethereum PoW, which is a requirement for its overall success. Many people believe that there is a place in the crypto space for a Proof-of-Work (PoW) based Ethereum network.
ETHW will maintain the same PoW mechanisms the Ethereum mainnet has used ever since it was originally launched, before the switch to PoS.
Ethereum PoW represents a solid opportunity for miners to carry on their work in terms of confirming transactions on the blockchain network, after which they can get rewarded in the form of the native cryptocurrency that is now part of the forked blockchain.
However, developers can also leverage this fork and port or build new decentralized applications (dApps) on top of it if they want to utilize the security offered by PoW mining and confirmations.
Due to the fact that it still runs under PoW, the network still offers users a wide range of data and information.
Specifically, by accessing the Ethereum PoW node on offer by the blockchain-as-a-service provider NOWnodes, you will gain access to information such as the network’s block height, transaction status, wallet balances, and similar types of information that you might need either for blockchain analysis or for dApp development.
All you need to do is to visit the official NOWNodes website, after which you can enter your email address and click on "GET FREE API KEY".
Once you gain the key, you can visit the official documentation that will take you over each of the codes and commands on how to connect. Furthermore, you will be able to find the full node list here.
NOWNode's Ethereum PoW (ETHW) node will provide you with extensive blockchain data, where you can gain information about the number of confirmations that have occurred on top of the network, alongside the blockchain's overall size and block height, all of which are provided at the point in time when you connect.
The NOWNodes node explorers are trusted by ChangeNOW, Vision, Hybrix, PointPay, Spatium, and others.
NOWNodes will also provide access to an Ethereum PoW (ETHW) block explorer. You can establish a connection and synchronize with the network, after which you can access any required data. Note that this block explorer is maintained and monitored by NOWNodes for you, so you can focus on your development or trading procedure with peace of mind.
Once synchronized, you can gain data surrounding each block, the number of confirmations, the block height, and the blockchain size.
You can think of the block explorer as a search engine for the blockchain, as you can browse the transactions database and find any information you need. Here, the Ethereum PoW (ETHW) will allow you to keep track of the current state of the blockchain in specific transactions, data surrounding traders, miners, cryptocurrency wallets, exchange services, and dApps.
If you are curious as to why you might want to connect to the Ethereum block explorer through the utilization of NOWNodes, this is due to the fact that the response time of the API implemented by the service is less than 1 second, and the node uptime is at 99.95%. What this essentially means is that no matter what happens, the service will have consistent access to the blockchain data.
