Join the larget crypto conference of 2022 in Bitcoin

AntPool decides not to maintain accounts with ETH on POS chain

0
(0)
ethereum

The Crypto mining pool AntPool decided not to maintain Ethereum (ETH) coin account, after Proof-of-stake Beacon chain merge with Ethereum, for the users.

Ethereum is the biggest Proof-of-work (PoW) crypto blockchain network, just after Bitcoin. Due to the inefficient nature of the Proof-of-work consensus, Ethereum developers are working hard to shift the Ethereum blockchain network to a Proof-of-stake consensus, to make the network highly efficient & useful for small crypto transactions. Under “TheMerge” successful upgrade plan, Ethereum will operate on a Proof-of-stake model but this upgrade will change huge numbers of things in the Ethereum ecosystem like the probability of censorship in particular countries.

On 27 August, AntPool, a popular crypto mining pool, announced that it will suspend its direct management support for Ethereum (ETH) on Proof-of-Stake consensus, after TheMerge.Β 

AntPool noted that the Ethereum network on Proof-of-stake will be associated with a particular country’s location based censorship features and that will be a big problem for the mining pool to handle the ETH pos account of users.

So in favor of the customers, AntPool decided only to support ETH addresses till 3 September and also asked the users to provide their private ETH addresses. 

 Indeed Bitmain operates an AntPool mining pool on the Ethereum blockchain, where all the ETH miners mining Ethereum together via accommodated hash power. 

AntPool confirmed that it will continuously support Ethash tokens like Ethereum Classic (ETC), which is based on the Proof-of-work consensus model. Through the blog post, AntPool said that the platform always supported the PoW ecosystem-based infrastructure. 

“POOL has always devoted itself to the development and maintenance of the PoW ecosystem,” the post said.

Ethereum’ TheMerge helping Ethereum Classic

Because of the Ethereum Merge plan with Proof-of-stake Consensus chain, the majority of the Ethereum miners are shifting to the Ethereum Classic network.

After Ethereum, crypto miners have Ethereum classic as the best choice to mine and earn money.

Recently AntPool announced a $10 million fund for the Ethereum classic ecosystem development.

Read also: Cardano founder says his prediction of the catastrophic bug now paired with Ghostchain

AntPool decides not to maintain accounts with ETH on POS chain

 

https://bitcoinik.com/antpool-decides-not-to-maintain-accounts-with-eth-on-pos-chain/feed/

https://bitcoinik.com/antpool-decides-not-to-maintain-accounts-with-eth-on-pos-chain/feed/

 

 

 

 

 

Ads by Cryptonews24

 

koinswap

πŸš€πŸš€Get ready for the biggest ICO of 2022.
βœ…ICO Round 1 & 2 are Sold Out
βœ…ICO= Initial Coin Offering. Where you can purchase tokens at base price.
βœ…ICO has different rounds with different price.
βœ…Round-1 price: $0.0005 (Sold Out)
βœ…Round-2 price: $0.001 (Sold Out)
βœ…Round-3 price: $0.002
βœ…Round-4 price: $0.004
βœ…Round-5 price: $0.008

πŸ‘‰ICO will be finished on September 15, 2022.
πŸ‘‰Trading will start after ICO completion.

πŸš€πŸš€EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)πŸš€πŸš€

πŸ‘©πŸ»β€πŸ’»For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain

π™π™€π™‚π™„π™Žπ™π™π˜Όπ™π™„π™Šπ™‰ π™‡π™„π™‰π™†πŸ‘‡πŸ½
https://koinswap.io/register?referralcode=CFxqfP
β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬β–¬

THIS IS A LIFE CHANGING OPPORTUNITY

*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*

TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡πŸ‘‡
https://koinswap.io/register?referralcode=CFxqfP

JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl

In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA

https://koinswap.io/register?referralcode=CFxqfP

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.


TELEGRAM
Cryptonews24 Channel Chat