DeFi

FTX Also Expresses Its Opinion With The Merge

FTX also recently made an announcement to talk about its stance on the upcoming The Merge. Before that, there was also a lot of debate about the future of Ethereum and The Merge.

FTX’s announcement about The Merge

In its latest announcement, billionaire Sam Bankman-Fried‘s cryptocurrency exchange announced.

“FTX does not have any plans to halt or settle ETH futures prior to the Merge, and we will do our best to support continuous trading. Ethereum futures and perpetual contracts (ETH-0930ETH-1230ETH-PERP) on FTX will track the proof of stake Ethereum after the Merge. More details will be provided.”

Meanwhile, Chainlink is the first major project to have a PoW perspective after The Merge. As was updated in a recent Coincu News article, the oracle protocol widely used by dApps on Ethereum, claims to still work on the Ethereum PoS blockchain after The Merge and will not support PoW versions of Ethereum.

After that, the debate also became heated when a series of Defi protocols gave their opinions on the future of Ethereum after The merge such as AAVE, MakerDao,…

Up to now, it can be seen that early DeFi applications are gradually leaning towards PoS, while most centralized exchanges are likely to support parallel PoW versions to optimize transaction volume.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Victor

Recent Posts

Dogecoin Price Reaches 5-Month High: Here’s What’s Driving The Increase 

The Dogecoin price has reached a five-month high, and investors should buy the Ethereum token…

1 hour ago

Best Cryptos to Invest in Now: Don’t Miss Out on These Potential Game-Changers!

Crypto isn’t just for the tech-savvy anymore; it’s for everyone. As more people jump into…

2 hours ago

Trust Wallet CEO Backs Web3, Plus Wallet’s Top-Tier Encryption Ensures Secure Asset Access Amid Crypto Liquidation Hits $277M

Read how Plus Wallet’s top-tier ensures secure, unified digital asset management. Get the latest updates…

5 hours ago

Former Alameda CEO Will Now Serve 2-Year Sentence

Former Alameda CEO Caroline Ellison reported to a Connecticut federal prison on November 7 after…

6 hours ago

Degen Rollup Key Issue Forces Possible Chain Restart

Degen Rollup Key Issue: Conduit seized Degen’s L3 private key, causing 54 hours of downtime…

6 hours ago

This website uses cookies.