FTX also recently made an announcement to talk about its stance on the upcoming The Merge. Before that, there was also a lot of debate about the future of Ethereum and The Merge.
FTX’s announcement about The Merge
In its latest announcement, billionaire Sam Bankman-Fried‘s cryptocurrency exchange announced.
“FTX does not have any plans to halt or settle ETH futures prior to the Merge, and we will do our best to support continuous trading. Ethereum futures and perpetual contracts (ETH-0930, ETH-1230, ETH-PERP) on FTX will track the proof of stake Ethereum after the Merge. More details will be provided.”
Meanwhile, Chainlink is the first major project to have a PoW perspective after The Merge. As was updated in a recent Coincu News article, the oracle protocol widely used by dApps on Ethereum, claims to still work on the Ethereum PoS blockchain after The Merge and will not support PoW versions of Ethereum.
After that, the debate also became heated when a series of Defi protocols gave their opinions on the future of Ethereum after The merge such as AAVE, MakerDao,…
Up to now, it can be seen that early DeFi applications are gradually leaning towards PoS, while most centralized exchanges are likely to support parallel PoW versions to optimize transaction volume.
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 CoinCu Telegram to keep track of news: https://t.me/coincunews