Stablecoin Giants Circle, Tether Support Ethereum in Its Upcoming PoS Transition

Issuers of the two largest stablecoins – Tether’s USDT and Circle’s USDC— have extended their support to Ethereum as it approaches The Merge in September this year. Tether feels that it’s crucial that the move to proof-of-stake (PoS) not be used as a weapon to cause confusion and harm within the ecosystem, especially when the community widely uses … Read more

Chainlink Plans to Only Support PoS After Ethereum Merge

Chainlink has announced that it will not support any proof-of-work Ethereum forks after Ethereum’s merge to proof-of-stake. In a memo to the community, the smart contract oracle provider said it wants to align with the Ethereum community’s social consensus to change Ethereum’s consensus mechanism to proof-of-stake. To ensure minimal disruption, Chainlink is conducting a thorough … Read more

Ethereum POW Fork Is ‘Coming Soon’, Says Chinese Miner

A Chinese Bitcoin miner has claimed that a Proof of Work (POW) fork for Ethereum is “coming soon” as Ethereum prepares to migrate to its Proof of Stake (POS) consensus mechanism. If Ethereum is able to keep to its current projected schedule the change in consensus mechanism, known as “the merge,” will occur on the … Read more