Dear Customer,
Ethereum is expected to undergo a merge upgrade in Q3/Q4 2022, when the current Ethereum mainnet will be incorporated into the Ethereum Beacon Chain using Proof of Stake. In the process of Ethereum merge and upgrade, a hard fork may occur.
In order to support a more comprehensive multi-chain ecosystem, OKX Web3 Wallet has been actively paying attention and is ready to support the forked chain. In the follow-up, we will evaluate the launch time of the forked chain supported by the Web3 wallet according to the community acceptance and user needs.
What is an Ethereum Merge Upgrade?
Ethereum currently adopts the PoW consensus mechanism, and the beacon chain using the PoS mechanism is introduced to run in parallel with the main chain(PoW). The merge is set to combine the two systems together and replace the current PoW consensus mechanism with a PoS consensus mechanism. When the upgrade is completed, the current PoW consensus mechanism will be abolished, and all blocks on Ethereum will be generated through PoS.
OKX Web3 Wallet will continue to provide you with better products and services!
OKX
August 11, 2022 (HKT)
In order to support a more comprehensive multi-chain ecosystem, OKX Web3 Wallet has been actively paying attention and is ready to support the forked chain. In the follow-up, we will evaluate the launch time of the forked chain supported by the Web3 wallet according to the community acceptance and user needs.
What is an Ethereum Merge Upgrade?
Ethereum currently adopts the PoW consensus mechanism, and the beacon chain using the PoS mechanism is introduced to run in parallel with the main chain(PoW). The merge is set to combine the two systems together and replace the current PoW consensus mechanism with a PoS consensus mechanism. When the upgrade is completed, the current PoW consensus mechanism will be abolished, and all blocks on Ethereum will be generated through PoS.
OKX Web3 Wallet will continue to provide you with better products and services!
OKX
August 11, 2022 (HKT)
