Blockchain News
Strong Backing for Proof of Stake
Binance, the largest cryptocurrency exchange in the world, will fully support the Ethereum Proof of Stake (PoS) chain following The Merge event anticipated in September.
In making the Aug. 10 announcement, Binance adds the loudest voice to the ongoing conversation about the potential for competing Ethereum chains after the transition from Proof of Work to PoS.
The Ethereum Merge is approaching.
Here's what you need to know if you hold $ETH on #Binance:
Binance will support “The Merge”.
In case of newly forked tokens, we will evaluate and consider support for distribution and withdrawal.
View details https://t.co/iuQSsXZ7fk
— Binance (@binance) August 10, 2022
Specifically, Binance will fully support Ethereum PoS. If there is a case of chain forks coming out of Ethereum, Binance will consider supporting those new tokens. All tokens of the chain fork, if they want to be listed on Binance, have to go through the exchange's regular...
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