Binance Starts Ethereum Proof-Of-Work Mining Pool, Initially With No Fee
Customers can now join a mining Binance pool for ETHW, the split version of Ethereum that keeps the blockchain’s original proof-of-work (PoW) foundations, according to?cryptocurrency exchange?Binance.
According to a statement released on Thursday, there won’t be any fees for ETHW Pool members during a promotional period that expires on October 29.
By successfully switching the blockchain to a proof-of-stake method two weeks ago, the?Ethereum Merge?did away with the necessity for crypto miners on the network. Although it had a bumpy beginning, a new, forked version of Ethereum was established that was still driven by PoW. In theory, support from Binance’s huge cryptocurrency trading customer base may help keep the forked version alive.
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