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This asset represents a hard fork of the Ethereum blockchain, launched following Ethereum's transition to Proof-of-Stake. Its primary objective is to preserve the original Proof-of-Work consensus mechanism, which many miners continued to support. This approach aims to provide an alternative for those who prefer or rely on mining for network security and block production. The technology underpinning it is largely inherited from Ethereum's pre-Merge architecture, including its smart contract capabilities and decentralized application (dApp) support. By maintaining Proof-of-Work, it addresses concerns about centralization potentially arising from Proof-of-Stake and offers a continuation of the Ethereum ecosystem for participants who did not transition.
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