News

FTX Acknowledges ETHPoS But Does Not Exclude Fork ETHPoW

Finally, the FTX exchange also expressed its stance on the split scenario after The Merge.

Following the fork events following The Merge, many parties have expressed their support or disapproval of Ethereum Proof-of-Work or ETHW. This led to controversy in the community.

Units like Tether or Circle have voiced their support for PoS, and so is Vitalik Buterin. The founder of Tron, leaning towards PoW, can still survive after The Merge.

As for the exchange, most of them are neutral, saying they will support the Ethereum 2.0 upgrade but do not mention the possibility of listing ETH PoW forks. Binance, BitMEX exchange also had a similar announcement.

On August 15, 2022, the FTX exchange finally spoke about this incident.

FTX predicts ETH PoW forks after Ethereum deploys The Merge on September 15-16. The exchange will evaluate and decide to distribute hard fork tokens to users and then list fork projects according to the exchange’s criteria. The ETH token used on FTX is for Ethereum Proof-of-Stake or the sole project of Vitalik Buterin and the Ethereum Foundation.

As such, FTX asserts that only ETH PoS is unique but also leaves open the possibility of listing fork projects if appropriate.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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