Home
NFT

OpenC promises to provide Proof of Stake as Ethereum approaches convergence

0 Comment

as Ethereum Mainnet In its long-awaited merger rush, open sea Addressed the elephant in the room. Therefore, clearly stating that it will not support any Ethereum fork and is pledging its adherence to new future proofs.

Expected sometime soon In the second week of September, the Ethereum Mainnet will conduct its long-awaited transition to a Proof of State system. With this exciting new update, gas prices will drop, and transactions will become infinitely more efficient. However, often with a change of this magnitude, a ‘fork’ can occur in the blockchain, effectively splitting in two, whereas, in this case, a fork in Ethereum can run on the proof-of-work.

Due to the unprecedented nature of the update, no one knows for sure if it will happen. However, if such an event occurs, OpenSea notes that it will only support Proof of Stake NFTs On the official Ethereum mainnet.

As the industry’s largest NFT marketplace, OpenSea often sets trends for others to follow. However, at this point, several competitors with underperforming Coinbase platforms will take a different stance and watch carefully to see how it plays out before making a final decision.

Want more? Connect to NFT Plaza

Join the weekly newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.



https://ift.tt/mY2urdh

Baca juga

Post a Comment

Post a Comment