EthereumPoW (ETHW): D-Score 49/100 — Moderately Decentralized BlockIndex D-Score: 49/100 (Moderately Decentralized). EthereumPoW (ETHW) is a Layer 1 cryptocurrency using PoW consensus. EthereumPoW (ETHW): Proof-of-work continuation of Ethereum preserving pre-Merge state and enabling PoW mining and compatible dApps. Source: https://blockindex.ai/coin/ethw · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 49: Node distribution: 12: Initial distribution: 0: Governance: 21: Age and history: 11: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: PoW (Ethash) - Launch: Other (2022) - Founder: EthereumPoW supported by a global decentralized community - VC funded: No - Max supply: N/A - Circulating: 107,818,999 Market data (as of 2026-06-19) - Price: $0.23 - Market cap: $24.79M - 24h volume: $2.08M - 24h change: -2.63% · 7d change: +0.81% About EthereumPoW (ETHW) is a community-driven proof-of-work continuation of Ethereum that emerged around the time of the Ethereum Merge in September 2022. Created as a hard fork that cloned the Ethereum state at the Merge block height, ETHW preserved account balances and much on-chain state from pre-Merge Ethereum and explicitly removed the scheduled difficulty bomb so mining could continue. The chain positioned itself as an alternative for miners, custodians, and projects preferring proof-of-work security, offering an environment where dApps and liquidity could be duplicated or supported in parallel with the post-Merge Ethereum network. The project is described across data providers as a lower-priced, modest-cap forked chain that remains actively mined and tracked by major market aggregators. Technically, ETHW retains the Ethereum account model and the Ethash proof-of-work algorithm used by pre-Merge Ethereum, and it preserves the on-chain state at the Merge block. The removal of the difficulty bomb prevents the exponential mining difficulty increases planned for Ethereum’s transition to PoS, enabling the chain to be mined without the planned “ice age.” Because ETHW began life as a state clone, many addresses and balances were present at launch, but deposits locked in staking contracts on the PoS Ethereum chain were not withdrawable to the fork, which affected circulating supply calculations. ETHW generally relies on tooling and infrastructure compatible with Ethereum-like clients; however, canonical project artifacts such as an authoritative GitHub link or a documented roadmap were not present in the sourced material used for this summary. In terms of economics and market footprint, ETHW started with a circulating supply consistent with the cloned pre-Merge state adjusted for staked ETH that could not be transferred to the fork. The supplied sources report a circulating supply around 107.81 million ETHW. Market data snapshots from CoinMarketCap and CryptoCompare show that ETHW has been tradable on multiple major centralized exchanges and carries market-cap and volume metrics reflective of an actively traded forked asset. Pricing history in the provided sources includes an all-time high near $141.36 (Aug 08, 2022) and much lower subsequent trading prices; the combined sources indicate a recent price in the $0.52 range with a market cap around $56.4M and 24-hour volumes in the low millions. Governance and organization for ETHW are informally community-driven in the provided materials; no named founders, corporate entity, CEO, or on-chain DAO governance structure were documented in the supplied sources. The DScore extraction and related field extractions treat ETHW as community-supported and off-chain in governance practice, with no evidence of VC funding, developer fund allocations, or a formal treasury noted in the scraped inputs. Operational infrastructure and services mentioned in the supplied data are limited but include wallet compatibility (Ledger, Electrum, MetaMask, Phantom) and listings on major market trackers; explicit explorers, bridges, or oracle integrations were not present at high confidence in the extracted material. Overall, ETHW’s core proposition is clarity of purpose — to continue proof-of-work Ethereum’s state and mining tradition — while its broader ecosystem, development roadmap, and institutional backing remain limited or sparsely documented in the supplied sources. Links - Website: https://ethereumpow.org/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore