Ethereum PoW on Gate.io (ETHW)
Details about Ethereum PoW on Gate.io cryptocurrency
€52,147
0
Unknown
https://www.gate.io/
@gate_io
Ethereum PoW on Gate.io price charts
ETHW exchanges
Ethereum PoW on Gate.io, the crypto
Ethereum PoW on Gate.io (ETHW) is a cryptocurrency that uses the Proof of Work (PoW) consensus algorithm on the Ethereum blockchain. It is traded on the Gate.io cryptocurrency exchange.
The point
The main point of Ethereum PoW on Gate.io (ETHW) is to provide a means of exchange on the Ethereum blockchain using the PoW consensus algorithm, which involves miners solving complex mathematical problems to validate transactions and earn rewards. It allows for faster and more secure transactions compared to traditional methods of exchanging value.
The problem
Ethereum PoW on Gate.io (ETHW) tries to address the problem of trust and centralization in traditional financial systems by providing a decentralized platform for exchanging value. It also aims to solve the issue of scalability on the Ethereum network by incorporating the PoW algorithm, which allows for faster transaction times and reduces the risk of network congestion.
Compare ETHW and BTC performance
Timeframe | ETHW | BTC |
---|---|---|
1h change | -1.14861 % | -0.434243 % |
24h change | 4.62 % | 0.748949 % |
7 day change | -10.81 % | 6.28102 % |
14 day change | -28.56 % | 4.81165 % |
30 day change | 0 % | 23.3841 % |
200 day change | 0 % | 170.377 % |
Year change | 0 % | 155.76 % |