EthereumPoW (ETHW), established as a hard fork from Ethereum in 2022, maintains the Proof of Work consensus mechanism while Ethereum transitioned to Proof of Stake. As of 2025, ETHW trades at $3.12 with a $336M market cap and has implemented significant technical advancements including energy efficiency improvements, increased throughput to 235 TPS, and expanded block size. The ecosystem now supports 280+ dApps with $187M TVL across DeFi protocols and operates under a fully decentralized governance model following the ETHW Core team's dissolution in late 2023.