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Convert
Korean Won (KRW) to ETHPoW (ETHW) Instantly

KRW KRW
ETHW ETHW
Buy ETHPoW (ETHW)

Purchase ETHPoW (ETHW) with Korean Won (KRW) 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.

ETHPoW (ETHW)

How to Buy ETHPoW (ETHW)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose KRW to ETHW Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your ETHPoW Wallet Address

    Provide your ETHW wallet address and proceed with the payment.

  3. 03

    Receive Your ETHPoW

    Complete the payment, and your ETHW will be sent to your wallet.

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Frequently asked questions

  • What is the KRW/ETHW trading pair and what does it represent?

    The KRW/ETHW pair is a fiat-to-crypto gateway allowing you to buy ETHPoW (ETHW) directly with Korean Won (KRW). It represents a direct market on a cryptocurrency exchange for South Korean users to invest in ETHW, which is the token for the Ethereum fork that maintains the original Proof-of-Work (PoW) consensus mechanism after 'The Merge'.

  • What are the requirements for trading ETHW with KRW on Korean exchanges?

    To trade ETHW with KRW, users on South Korean cryptocurrency exchanges must complete stringent KYC/AML (Know Your Customer/Anti-Money Laundering) verification. A key requirement is linking a real-name bank account from a partnered local bank to your exchange account. This is mandatory for all KRW deposits and withdrawals, ensuring transaction transparency.

  • How does ETHW's Proof-of-Work consensus secure the network?

    ETHW uses the Proof-of-Work (PoW) consensus mechanism, where miners use computational power to solve complex mathematical problems. The first miner to find the solution gets to add the next block of transactions to the blockchain and receives mining rewards in ETHW. This process, known as mining, makes it computationally expensive and difficult for malicious actors to alter the transaction history, thus securing the network.

  • What are the key differences between ETHW and ETH (Ethereum)?

    The fundamental difference is the consensus mechanism. ETHW preserves the original Proof-of-Work (PoW) model, which relies on miners. In contrast, ETH (Ethereum) transitioned to a Proof-of-Stake (PoS) model during 'The Merge,' which uses validators who stake ETH. This results in different methods of network security, token issuance, and energy consumption. The developer and dApp ecosystems for each chain are also now separate and distinct.

  • Are there security risks, like replay attacks, specific to trading a forked coin like ETHW?

    Yes, forked coins can be vulnerable to replay attacks if they don't have proper replay protection. This occurs when a transaction on one chain (e.g., ETHW) is 'replayed' on another (e.g., ETH). ETHW implemented replay protection by enforcing a unique Chain ID (10001), which prevents transactions from being valid on the main Ethereum network. Always ensure you are using a digital wallet or exchange that correctly handles the unique Chain ID for ETHW to mitigate this risk.
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