Here’s How Coinbase (NASDAQ:COIN) will Protect Ether Holdings during the Merge
August 29 2022 - 11:18AM
TipRanks
After completing the Goerli public test net merge this month, the
great Ethereum (ETH-USD) merge is anticipated next month, and
excitement remains palpable. The transition from a proof of work
(PoW) mechanism to a proof of stake (PoS) protocol is expected to
reduce its energy consumption drastically. Coinbase (COIN), one of
the leading crypto exchanges, is taking steps to keep customers’
assets safe during the event. The exchange will halt deposits and
withdrawals of new Ethereum and ERC-20 tokens. Further, while
Coinbase does not expect other networks and currencies to be
impacted, it is taking this step to make sure its systems
successfully reflect the transition.
https://www.tipranks.com/news/heres-how-coinbase-nasdaqcoin-will-protect-ether-holdings-during-the-merge?utm_source=advfn.com&utm_medium=referral
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