NOW Wallet Statement: Seamless ETH Merge and ETHW Support

Between 4 and 6 AM (UTC) tomorrow morning, Ethereum will implement the largest update in its history known as the Merge.

The ChangeNOW ecosystem, including NOW Wallet, is determined to ensure that the transition goes smoothly for all Ethereum holders.

The Merge is a fundamental update – as Ethereum switches to the Proof of Stake consensus algorithm, the network will start creating blocks and validating transactions in a completely new way. But despite that, the transition will pass unnoticed for a common user: once the network reaches a predetermined level of difficulty, the terminal block will be mined, and the next ones will be validated by stakers.

This will not directly affect the user experience – all Ethereum-based assets, including ETH, ERC20 tokens, and NFTs will remain in their users’ wallets; wallet addresses and private keys will not change either. With current hashrate, the Merge is predicted to happen at about 5 AM UTC.

NOW Wallet monitors the network and is ready to continue operating as usual. Users will be able to send and receive Ethereum-based assets, exchange them for 450+ coins, and use other features before and after the Merge.

In June, a group of independent miners announced launching a hard fork of Ethereum that will continue running on the Proof of Work consensus. While it is still unknown whether the plans will be implemented, we state that NOW Wallet will list ETHPoW and enable exchanges if the coin goes live.

To learn about how the Merge will affect gas prices, transaction speed, and the future of Ethereum, read our complete guide into the update.

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