Binance Is Not Ruling Out Support for Ethereum Proof-of-Work Fork

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4T ago2022-08-10

Binance, the world’s biggest cryptocurrency exchange by volume, said today that it would not rule out support for Ethereum’s upcoming controversial fork, ETHPoW. 

The exchange announced it would support “the merge”—a protocol change expected to take place on or around September 19, which completes Ethereum’s long-awaited upgrade to a proof-of-stake consensus mechanism. That much was expected.

But the company also added that it would possibly support the “merge resistors” who plan to continue to use proof of work and create a spinoff network and cryptocurrency. “In case of new forked tokens, Binance will evaluate the support for distribution and withdrawal of the forked tokens,” its Wednesday statement read