Ethereum's Upcoming Merge Could Censor Crypto Mining Giant | Crypto

Ethereum’s Upcoming Merge Could Censor Crypto Mining Giant

AntPool is issuing a notice to its users as Ethereums (ETH) highly anticipated update dubbed the Merge approaches.
-in a new blog post, AntPool says that it will not be supporting its users assets on the new proof-of-stake (PoS) Ethereum chain, citing censorship risk.
-the Merge allows Ethereum to move from a proof-of-work model to a proof-of-stake one, setting the stage for future upgrades that could increase the blockchains scalability.
-after the Merge, Ethereums proof-of-work (PoW) miners will be replaced by staking providers, which will largely be Big Crypto exchanges that may be susceptible to regulation or censorship from authorities.
-AntPool says it only wants to support decentralized PoW consensus models that they say fit the Vision of pseudonymous Bitcoin (BTC) creator Satoshi Nakomoto.

ethereum entered danger zone Ethereum's Upcoming Merge Could Censor Crypto Mining Giant

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