A Step-by-Step Guide on How to Access Your ETHW Tokens If You Held ETH Before the Merger – Featured Bitcoin News

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With the launch of the new Ethereumpow (ETHW) network, 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.

Access ETHW network via Metamask network settings

16 days ago, Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network, and Ethereum miners opted to mine a few different coins like Ethereum Classic and Ravencoin . Some miners have moved to the new Ethereumpow (ETHW) network, and the blockchain has been live for more than two weeks since its launch. At the time of writing, there are 52.27 terahash per second (TH/s) of hashrate dedicated to the ETHW network.

A step-by-step guide on how to access your ETHW tokens if you held ETH before the merger
ETHW price chart as of October 1, 2022.

Moreover, the ETHW token traded at prices between $10.96 and $12.16 per unit over the past 24 hours. ETHW’s USD value has risen 20.6% over the past two weeks, and seven-day stats show the token is up 49.1%. However, in the last 24 hours of October 1, 2022, ETHW lost around 7% against the US dollar. Because ETH owners are eligible for ETHW at a rate of 1:1, after the ETHW network went live, ether holders gained 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 take advantage of different methods, such as importing their seeds into Metamask or a wallet that supports the ETHW network. Some wallets like Crypto.com’s defi wallet have a toggle switch that checks balances, and if you hold ETH on the Crypto.com defi wallet, simply check the balances and the ETHW token can be added.

A step-by-step guide on how to access your ETHW tokens if you held ETH before the merger
Some wallets, like Crypto.com’s defi wallet (shown above), allow users to check balances through specific networks. Other wallets have added ETHW support in different ways.

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

Assuming you already have a Metamask wallet that contained Ethereum (ETH) before The Merge or before September 15, the next step is to access the Metamask settings section in the wallet. To access the settings, simply click on the account icon and tap on “Settings”.

A step-by-step guide on how to access your ETHW tokens if you held ETH before the merger
RPC data from the Ethereumpow (ETHW) network (pictured left).

In the “settings” section of Metamask, on the left side of the screen, another section called “network” will be visible, and there is a plug icon right next to it. Tap on “network” and the section will take you to an area that shows all the networks your wallet is connected to, and from there just tap on “add network”. After pressing the “add network” button, Metamask will warn you about malicious networks as the platform indicates:

A malicious network provider can lie about the state of the blockchain and log your network activity. Only add custom networks that you trust.

Below the warning are the input fields needed to access the ETHW network. There are five fields to fill in, which include: “Network Name”, “New RPC URL”, “Channel ID”, “Currency Symbol” and the “Block Explorer URL.” To connect to the ETHW chain, just tap the RPC data written below.

  • Network name- ETHW Mainnet
  • New RPC URL- https://mainnet.ethereumpow.org
  • Channel ID- 10001
  • Currency symbol – ETHW
  • Block Explorer URL- https://mainnet.ethwscan.com

After filling in all the fields, just press “register” and connect to the ETHW network. When the wallet is connected to the network, it should now show a balance of ETHW, based on the amount of ether originally held in the wallet. From there, the ETHW balance can be saved, transferred to another wallet or address, or sent to an exchange to be sold.

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

Disclaimer: Step-by-step editorials are intended for informational purposes only. There are multiple security risks and methods that ultimately depend on the decisions of the user. There are different steps mentioned in reviews and guides and some of them are optional. Neither Bitcoin.com nor the author is responsible for any losses, errors, skipped steps, or safety measures not taken, as the ultimate decision-making process to do any of these things is solely the responsibility of the reader. For good measure, always cross-reference the guides with other walkthroughs found online.

Keywords in this story

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Did you try 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 manager for Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.




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Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. 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.

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