Binance, tagged as the largest crypto exchange by trading volume, has announced the launch of the mining pool for the Ethereum Proof-of-Work (ETHW) protocol.
The exchange said it has only created enablement for ETHW withdrawals but that deposits will be available soon. The trading platform said in a bid to protect its customers, there is no guarantee as to whether it will list the ETHW in the near future. The exchange said it will adhere to strict policies as it does for other notable tokens it supports in order to protect its customers.
ETHW is a Layer-1 blockchain protocol that was forked from the Ethereum network after the Merge event that was initiated earlier this month. With the main Ethereum network now operating based on the Proof-of-Stake consensus model, the ETHW protocol has maintained the mining model to preserve the legacy of the network.
While many Ethereum-focused platforms like OpenSea have pointed out that they will not be supporting the ETHW protocol, the adoption...
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