Fun

A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The Merge

News Feed - 2022-10-02 01:10:13

A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The Merge


With the new Ethereumpow (ETHW) network launch, ethereum holders are eligible to receive a single ETHW for every ether they own. The following is a simple guide that shows ethereum holders how to access their ETHW tokens using a wallet like Metamask. Accessing the ETHW Network via Metamask’s Network Settings


16 days ago, Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network, and ethereum miners chose to mine a few different coins like ethereum classic and ravencoin. Some miners transitioned over to the new Ethereumpow (ETHW) network, and the blockchain has been live for more than two weeks since it launched. At the time of writing, there’s 52.27 terahash per second (TH/s) of hashrate dedicated to the ETHW network. ETHW price chart on October 1, 2022.


Moreover, the ETHW token has been trading for prices between $10.96 to $12.16 per unit during the last 24 hours. The USD value of ETHW is up 20.6% during the last two weeks, and seven-day statistics indicate the token is up 49.1%. However, during the past 24 hours on October 1, 2022, ETHW has lost roughly 7% against the U.S. dollar. Because ETH owners are eligible for ETHW at a 1:1 rate, after the ETHW network went live, ether holders have been gaining access to their coins.


The following post is a simple way to access ETHW using a Metamask wallet by simply updating the network. ETH owners can also leverage different methods like importing their seeds into Metamask or a wallet that supports the ETHW network. Some wallets like Crypto.com’s defi wallet has a toggle switch that checks for balances, and if you held ETH on Crypto.com’s defi wallet, simply check for balances and the ETHW token can be added. Some wallets, like Crypto.com’s defi wallet (pictured above), allow users to check for balances via specific networks. Other wallets have added ETHW support in different ways.


To leverage the Metamask route, it’s assumed you already have ETH in a Metamask wallet throughout the rest of this guide, but if you don’t, it’s also possible to import your ETH wallet into the Metamask platform and access the funds from there.


Assuming you already have a Metamask wallet that held ethereum (ETH) before The Merge or before September 15, the next step is accessing Metamask’s settings section in the wallet. In order to access the settings simply click the account icon and press “settings.” The Ethereumpow (ETHW) network’s RPC data (pictured left).


In Metamask’s “settings” section, on the left side of the screen another section called “network” will be visible, and there’s an icon of a plug right beside it. Press “network,” and the section will take you to an area that shows all the networks your wallet is connected to, and from here simply press “add network.” After pressing the “add network” button, Metamask will warn you about malicious networks as the platform states: A malicious network provider can lie about the state of the blockchain and record your network activity. Only add custom networks you trust.


Below the warning are the fields of entry that are needed to access the ETHW network. There are five fields to fill out, which include: “Network Name,” “New RPC URL,” “Chain ID,” “Currency Symbol,” and the “Block Explorer URL.” In order to connect to the ETHW chain simply leverage the RPC data written below. Network Name- ETHW-mainnet New RPC URL- https://mainnet.ethereumpow.org Chain ID- 10001 Currency Symbol- ETHW Block Explorer URL- https://mainnet.ethwscan.com


After filling in all the fields, simply press “save” and connect to the ETHW network. When the wallet is connected to the network, it should now display a balance of ETHW, depending on how much ether was originally in the wallet. From here, the ETHW balance can be saved, transferred to a different wallet or address, or sent to an exchange to be sold.


If you plan to sell the new tokens, make sure the trading platform supports the ETHW chain. In addition to accessing the ETHW network via Metamask, the hardware wallet company Ledger has published a blog post that describes how ETH owners can obtain their Ledger ETHW account via Metamask.


Disclaimer: Walkthrough editorials areintended for informational purposes only. There are multiple security risks and methods that are ultimately made by the decisions of the user. There are various steps mentioned in reviews and guides and some of them are optional. Neither Bitcoin.com nor the author is responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. For good measure always cross-reference guides with other walkthroughs found online. Tags in this story Accessing ETHW, Accessing Forked tokens, addresses, Block Explorer URL, Chain ID, Crypto.com’s defi wallet, Currency Symbol, ETH, ETHW, ETHW Tokens, Fork, Hardware wallet, import, Ledger, metamask, Metamask ETHW, Network Name, Network Settings, New RPC URL, RPC data, Seed, Wallets


Have you tried to access your ETHW tokens after The Merge? Let us know your method and how you did it in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. South Korea Seeks to Freeze 3,313 Bitcoin Allegedly Linked to Luna Founder Do Kwon FEATURED | 4 days ago Mature Bitcoin Wealth Taps an All-Time High — Diamond Hands Trend Highlights ‘Refusal to Spend’ FEATURED | 5 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleIndia Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens Next articleUzbekistan Introduces Monthly Fees for Cryptocurrency Companies Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher

News Feed

Seychelles Law Enforcement Receives Request to Probe Transfer of 230K Onecoin Bitcoins
Seychelles Law Enforcement Receives Request to Probe Transfer of 230K Onecoin Bitcoins The Seychelles Police Financial Crime Investigation Unit (FCIU) recently confirmed receiving
Derek Andersen4 hours agoSwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reportedThe SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions
HTC Unveils Privacy Protecting 5G Router, Pundi X Finalizes Blockchain Phone Prototype
HTC Unveils Privacy Protecting 5G Router, Pundi X Finalizes Blockchain Phone Prototype Product announcements in the mobile and internet communications sector have indicated that
3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora
3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), t
How acclaimed composer Hans Zimmer got to write a crypto theme song
Savannah Fortis12 hours agoHow acclaimed composer Hans Zimmer got to write a crypto theme songThe iconic film composer Hans Zimmer has collaborated with Tron to create a theme song for the Web3 generation, blending his s
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries fr
Crypto in the UAE: TRES Was Approved by DMCC for OTC Trade License to Operate With Cryptocurrency
Crypto in the UAE: TRES Was Approved by DMCC for OTC Trade License to Operate With Cryptocurrency sponsored On photo left to right:Saif Al Mansouri – CEO TR
Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving
Bitcoin Network Sees a Massive Mining Pool Shift Following the HalvingFollowing the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution
Elon Musk Outlines New Reasons to End Twitter Deal Citing Whistleblower
Elon Musk Outlines New Reasons to End Twitter Deal Citing Whistleblower Tesla CEO Elon Musk has outlined new reasons to terminate the $44 billion deal to buy Twitter in a new filin
Blockchain Groups From Major Universities Are Powerful Voters in Defi Governance Protocols
Blockchain Groups From Major Universities Are Powerful Voters in Defi Governance Protocols Data shows a number of groups from major universities are participatin
Microstrategy CEO on Mainstream Bitcoin Adoption: ‘I See Evidence of a Lot More Institutional Adoption’
Microstrategy CEO on Mainstream Bitcoin Adoption: "I See Evidence of a Lot More Institutional Adoption" The Nasdaq-listed company Microstrategy sees “evidence of a lot more
Here Is Why BigONE’s New VIP System Can Make the Most Out of Your Everyday Trading
Here Is Why BigONE"s New VIP System Can Make the Most Out of Your Everyday TradingBigONE Exchange, one of the world’s safest crypto exchanges, has taken on a new sheen as it j