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The Upcoming Ethereum Merge

The upcoming Merge is the most significant upgrade in the history of Ethereum Blockchain. It will mark the end of the proof-of-work (PoW) consensus mechanism, allowing Ethereum to shift to the proof-of-stake (PoS) consensus.

September 12, 2022
2
min read
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The upcoming Merge is the most significant upgrade in the history of Ethereum Blockchain. It will mark the end of the proof-of-work (PoW)consensus mechanism, allowing Ethereum to shift to the proof-of-stake (PoS) consensus. This change sets the stage for a massive reduction in energy consumption which is usually used in verifying the blockchain. In addition, this change in will also allow for ETH’s future scaling upgrades.

In anticipation of this merge, there has been some speculation of a potential hard fork, which would see the ETHPoW chain be retained, along side the new endorsed ETHPoS chain.

Fusang as a fully regulated exchange, would not speculate on this potential fork, and would like to clarify that the ETHPoW chain would not be supported on our platforms and its related ecosystem.

We are fully committed to supporting the upgraded ETHPoS chain, as rolled out by Ethereum blockchain.

Please do not hesitate to contact us for any further information and official information with regards to this upcoming merge can be found here: https://ethereum.org/en/upgrades/merge/

Thank you.

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