Convert
Israeli New Shekel (ILS) to ETHPoW (ETHW) Instantly
Purchase ETHPoW (ETHW) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
ETHPoW (ETHW)
ETHW (ETHW) represents a hard fork of the Ethereum blockchain, initiated following Ethereum's transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, an event widely known as "The Merge." The primary purpose of ETHW is to maintain the original Ethereum PoW chain, thereby offering a continuation for the existing community of miners and users who prefer the PoW model or have significant investments in PoW mining infrastructure. This decentralized network preserves the Ethash mining algorithm, relying on miners to validate transactions and secure the blockchain technology through computational work, a foundational aspect of the pre-Merge Ethereum digital ledger.
The native ETHW token is crucial for the ecosystem's functionality. It serves as the primary digital asset for paying transaction fees, commonly referred to as gas, which are necessary for executing smart contracts and interacting with decentralized applications (dApps) operating on the ETHW chain. Furthermore, ETHW tokens are distributed as mining rewards, incentivizing miners to contribute their hash power to maintain network integrity and on-chain security. ETHW aims to support a segment of the Ethereum dApp landscape and its associated tokenomics, providing an alternative platform for developers and users committed to the Proof-of-Work consensus, positioning itself as a distinct branch within the broader Web3 infrastructure.
How to Buy ETHPoW (ETHW)
Step-by-step guidance
Easy credit card payments
Streamlined purchase process
Web
Popular Coins for Israeli New Shekel (ILS)
Other Coins for Israeli New Shekel (ILS)
Frequently asked questions
-
What is the ILS/ETHW trading pair and what does it represent?
The ILS/ETHW pair allows you to purchase ETHPoW (ETHW) using the Israeli Shekel (ILS). ETHW is a digital asset from the hard fork of the Ethereum blockchain that maintains the original Proof-of-Work (PoW) consensus mechanism. This pair essentially acts as a fiat on-ramp for acquiring a stake in the legacy Ethereum chain that continues to be validated by miners. -
What are common methods to buy ETHW with Israeli Shekels on a cryptocurrency exchange?
To buy ETHW with ILS, you'll typically use a cryptocurrency exchange that supports Israeli Shekel deposits. Common methods include local Israeli bank transfers or using internationally accepted credit/debit cards. Since a direct ILS/ETHW order book may have low liquidity, a common strategy is to first buy a major cryptocurrency like BTC or a stablecoin like USDT with your ILS, and then trade that for ETHW on the same platform. -
Why might a user prefer the ETHW chain over the standard Proof-of-Stake Ethereum?
A user might prefer ETHW due to a philosophical or technical belief in the Proof-of-Work (PoW) consensus model, which they may view as more decentralized and battle-tested than Proof-of-Stake (PoS). Following 'The Merge', ETHW preserved the original PoW chain, offering a platform for miners to continue their operations and for developers and users who prefer the security properties and immutability guarantees associated with PoW-based smart contract execution. -
What kind of fees are involved in a typical ILS to ETHW transaction?
A complete ILS to ETHW transaction involves several potential fees: 1) A deposit fee for funding your exchange account with ILS, which varies based on method (bank transfer vs. credit card). 2) A trading fee on the exchange for executing the buy order, often a percentage of the transaction value. 3) A blockchain network fee (paid to miners) when you withdraw your ETHW from the exchange to a secure, non-custodial digital wallet. This fee fluctuates based on network congestion. -
Is the process for interacting with dApps on ETHW the same as on Ethereum?
Fundamentally, yes. ETHW is EVM-compatible, meaning the underlying technology for smart contracts and decentralized applications (dApps) is identical to pre-Merge Ethereum. You can use familiar digital wallets like MetaMask, but you will need to add the ETHPoW network as a custom RPC. While the technical interaction is the same, the dApp ecosystem itself is separate, with different projects and liquidity levels compared to the main Ethereum PoS chain.
Trade on the go
Anywhere. Anytime
Through Switchere you can buy or sell crypto instantly - transact all popular coins and tokens at the tap of a button.
Scan to download the app iOS and Android
