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Easily convert EIGEN to ETHW with ConvertOnline's efficient tool.
EigenLayer (EIGEN) is a decentralized protocol built on Ethereum that allows users to leverage their staked assets to secure additional services and applications. By utilizing a novel mechanism called 're-staking,' EigenLayer enables Ethereum validators to extend their security to various layers and projects, enhancing the overall ecosystem's efficiency and reducing the need for redundant capital.
EthereumPoW (ETHW) is a cryptocurrency that emerged as a result of the Ethereum network's transition from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). It aims to preserve the original Ethereum blockchain and its proof-of-work features, allowing miners to continue validating transactions and earning rewards in a decentralized manner.