According to a Binance blog post published on Wednesday, as crypto miners search for new tokens to mine following the Ethereum merger, Binance Pool is adding Ravencoin (RVN) to its list of supported tokens.
The Ethereum network changed its proof-of-work (PoW) algorithm to proof-of-stake (PoS) in September, which caused miners to migrate to other “options,” including Ethereum Classic, Ravencoin, and Beam.
According to data from Coinwarz, the computing power on the Ravencoin network has increased by a factor of around five since Ethereum made a move to PoS.
Mining fees for the RavenCoin in Binance Pool are set at 1%. At the time of writing, RVN is trading at $0.02286.
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 us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Author
News
Binance Pool Adds Ravencoin Support
According to a Binance blog post published on Wednesday, as crypto miners search for new tokens to mine following the Ethereum merger, Binance Pool is adding Ravencoin (RVN) to its list of supported tokens.
The Ethereum network changed its proof-of-work (PoW) algorithm to proof-of-stake (PoS) in September, which caused miners to migrate to other “options,” including Ethereum Classic, Ravencoin, and Beam.
According to data from Coinwarz, the computing power on the Ravencoin network has increased by a factor of around five since Ethereum made a move to PoS.
Mining fees for the RavenCoin in Binance Pool are set at 1%. At the time of writing, RVN is trading at $0.02286.
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 us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Other Posts
Related Posts
Latest
Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory
Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties
Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future
Press Release
Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory
Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties
