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Stablecoins support Ethereum upgrade with the transition to PoS
Companies producing stablecoins expressed support for Ethereum in switching to the PoS mechanism. Tether and Circle have published relevant information on their websites. Tether said that PoS support would not allow chaos in the crypto community. However, company’s representatives did not report whether they would support the coin forks if they appeared. The Circle project has a clearer position. Joao Reginatto said that USDC will work exclusively in one variant on the basis of the official ETH network. Chainlink stated that they are firmly against Ethereum forks. The creators of the protocol for information exchange between smart contracts asked PoW supporters to disable their dApps if they rely on their technology. Chainlink representatives said that they decided not to support new forks, coordinating their position with Ethereum developers and a significant part of the crypto community. Currently, the date of transition of the ETH network to PoS is 19.09.2022. This information was reported on Twitter by one of the project developers. Before the upgrade, developers rally to finish checking for updates. For example, the transition to PoS in the Goerli test network will occur only on 11.08.2022. Vitaly Buterin previously warned that the update may be delayed for another month if any bugs and vulnerabilities are identified. #ethereum #stablecoins #news #bitryc #PoS #Chainlink #PoW #fork #USDC #USDT #ETH #dAPPS Read more news: https://bitryc.com/news/
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Stablecoins support Ethereum upgrade with the transition to PoS
Companies producing stablecoins expressed support for Ethereum in switching to the PoS mechanism. Tether and Circle have published relevant information on their websites. Tether said that PoS support would not allow chaos in the crypto community. However, company’s representatives did not report whether they would support the coin forks if they appeared. The Circle project has a clearer position. Joao Reginatto said that USDC will work exclusively in one variant on the basis of the official ETH network. Chainlink stated that they are firmly against Ethereum forks. The creators of the protocol for information exchange between smart contracts asked PoW supporters to disable their dApps if they rely on their technology. Chainlink representatives said that they decided not to support new forks, coordinating their position with Ethereum developers and a significant part of the crypto community. Currently, the date of transition of the ETH network to PoS is 19.09.2022. This information was reported on Twitter by one of the project developers. Before the upgrade, developers rally to finish checking for updates. For example, the transition to PoS in the Goerli test network will occur only on 11.08.2022. Vitaly Buterin previously warned that the update may be delayed for another month if any bugs and vulnerabilities are identified. #ethereum #stablecoins #news #bitryc #PoS #Chainlink #PoW #fork #USDC #USDT #ETH #dAPPS Read more news: https://bitryc.com/news/
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Stablecoins support Ethereum upgrade with the transition to PoS
Companies producing stablecoins expressed support for Ethereum in switching to the PoS mechanism. Tether and Circle have published relevant information on their websites. Tether said that PoS support would not allow chaos in the crypto community. However, company’s representatives did not report whether they would support the coin forks if they appeared. The Circle project has a clearer position. Joao Reginatto said that USDC will work exclusively in one variant on the basis of the official ETH network. Chainlink stated that they are firmly against Ethereum forks. The creators of the protocol for information exchange between smart contracts asked PoW supporters to disable their dApps if they rely on their technology. Chainlink representatives said that they decided not to support new forks, coordinating their position with Ethereum developers and a significant part of the crypto community. Currently, the date of transition of the ETH network to PoS is 19.09.2022. This information was reported on Twitter by one of the project developers. Before the upgrade, developers rally to finish checking for updates. For example, the transition to PoS in the Goerli test network will occur only on 11.08.2022. Vitaly Buterin previously warned that the update may be delayed for another month if any bugs and vulnerabilities are identified. #ethereum #stablecoins #news #bitryc #PoS #Chainlink #PoW #fork #USDC #USDT #ETH #dAPPS Read more news: https://bitryc.com/news/
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