Binance.US Confirms Support For Ethereum Merge to Proof-of-Stake

Binance.US will support the transition of the Ethereum network from Proof-of-Work (PoW) to Proof-of-Stake (PoS), also known as “The Merge” or “Ethereum 2.0.” It will implement the same stringent screening procedure that every digital asset goes through to be listed on Binance.US if new forked coins get created due to the Merge. #BinanceUS will support the upcoming #Ethereum (ERC20) network upgrade from Proof-of-Work (PoW) to Proof-of-Stake (PoS) — an event commonly referred to as “The Merge” or “Ethereum 2.0”. Read More: https://t.co/vDsxZCBDVM pic.twitter.com/bgaHdWTtdr — Binance.US 🇺🇸 (@BinanceUS) August 31, 2022 Ethereum Merge to Proof-of-Stake Ethereum Network’s notable Merge update is named for merging the Ethereum mainnet and the Beacon Chain. Ethereum can transition from a PoW to a PoS consensus method. In the notice, the exchange described a potential scenario in which Ethereum splits into two rival chains, producing a new coin. The Ethereum mainnet combines with Beacon Chain, and the Merge upgrade thrives. Deposits and Withdrawals for ETH and ERC20 Tokens Binance.US will reopen deposits and withdrawals for ETH and ERC20 tokens once the offer is over. A chain split caused by the merge upgrade creates a PoW version and a PoS version of the chain. In this highly speculative case, the ETH ticker reserves for the Ethereum PoS chain. The forked token will be supported for withdrawals, offering information about this distr...