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

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

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

With the brand new Ethereumpow (ETHW) community launch, ethereum holders are eligible to obtain a single ETHW for each ether they personal. The next is a straightforward information that reveals ethereum holders how you can entry their ETHW tokens utilizing a pockets like Metamask.

Accessing the ETHW Community through Metamask’s Community Settings

16 days in the past, Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) community, and ethereum miners selected to mine a number of totally different cash like ethereum traditional and ravencoin. Some miners transitioned over to the brand new Ethereumpow (ETHW) community, and the blockchain has been reside for greater than two weeks because it launched. On the time of writing, there’s 52.27 terahash per second (TH/s) of hashrate devoted to the ETHW community.

ETHW value chart on October 1, 2022.

Furthermore, the ETHW token has been buying and selling for costs between $10.96 to $12.16 per unit over the past 24 hours. The USD worth of ETHW is up 20.6% over the past two weeks, and seven-day statistics point out the token is up 49.1%. Nonetheless, in the course of the previous 24 hours on October 1, 2022, ETHW has misplaced roughly 7% towards the U.S. greenback. As a result of ETH house owners are eligible for ETHW at a 1:1 price, after the ETHW community went reside, ether holders have been having access to their cash.

The next put up is a straightforward technique to entry ETHW utilizing a Metamask pockets by merely updating the community. ETH house owners also can leverage totally different strategies like importing their seeds into Metamask or a pockets that helps the ETHW community. Some wallets like Crypto.com’s defi pockets has a toggle change that checks for balances, and if you happen to held ETH on Crypto.com’s defi pockets, merely test for balances and the ETHW token might be added.

Some wallets, like Crypto.com’s defi pockets (pictured above), permit customers to test for balances through particular networks. Different wallets have added ETHW help in alternative ways.

To leverage the Metamask route, it’s assumed you have already got ETH in a Metamask pockets all through the remainder of this information, however if you happen to don’t, it’s additionally attainable to import your ETH pockets into the Metamask platform and entry the funds from there.

Assuming you have already got a Metamask pockets that held ethereum (ETH) earlier than The Merge or earlier than September 15, the following step is accessing Metamask’s settings part in the pockets. In an effort to entry the settings merely click on the account icon and press “settings.”

The Ethereumpow (ETHW) community’s RPC information (pictured left).

In Metamask’s “settings” part, on the left facet of the display screen one other part known as “community” will probably be seen, and there’s an icon of a plug proper beside it. Press “community,” and the part will take you to an space that reveals all of the networks your pockets is linked to, and from right here merely press “add community.” After urgent the “add community” button, Metamask will warn you about malicious networks because the platform states:

A malicious community supplier can lie concerning the state of the blockchain and document your community exercise. Solely add customized networks you belief.

Beneath the warning are the fields of entry which might be wanted to entry the ETHW community. There are 5 fields to fill out, which embody: “Community Identify,” “New RPC URL,” “Chain ID,” “Foreign money Image,” and the “Block Explorer URL.” In an effort to connect with the ETHW chain merely leverage the RPC information written under.

Community Identify- ETHW-mainnet
New RPC URL- https://mainnet.ethereumpow.org
Chain ID- 10001
Foreign money Image- ETHW
Block Explorer URL- https://mainnet.ethwscan.com

After filling in all of the fields, merely press “save” and connect with the ETHW community. When the pockets is linked to the community, it ought to now show a steadiness of ETHW, relying on how a lot ether was initially in the pockets. From right here, the ETHW steadiness might be saved, transferred to a special pockets or handle, or despatched to an trade to be bought.

When you plan to promote the brand new tokens, make certain the buying and selling platform helps the ETHW chain. Along with accessing the ETHW community through Metamask, the {hardware} pockets firm Ledger has printed a weblog put up that describes how ETH house owners can receive their Ledger ETHW account through Metamask.

Disclaimer: Walkthrough editorials are meant for informational functions solely. There are a number of safety dangers and strategies which might be in the end made by the choices of the person. There are numerous steps talked about in opinions and guides and a few of them are non-compulsory. Neither Bitcoin.com nor the creator is chargeable for any losses, errors, skipped steps or safety measures not taken, as the last word decision-making course of to do any of these items is solely the reader’s duty. For good measure all the time cross-reference guides with different walkthroughs discovered on-line.

Have you ever tried to entry your ETHW tokens after The Merge? Tell us your technique and the way you probably did it in the feedback part under.

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