Cryptocurrency exchange Huobi Global is informing its clients that if Ethereum (ETH) hard fork is supposed to create two new blockchains, the new assets will be backed. However, eligibility requirements are set and the platform specifies that it does not encourage such events.
Huobi will accept assets from potential Ethereum hard forks under certain conditions
Cryptocurrency exchange platform Huobi Global It responded to its users about the possibility of hard fork Dethrium (ETH). In fact, while The Merge is expected to take place on September 19, part of the community is wondering if that could happen Two block chains that would exist. This can happen if a portion of the miners decide to continue producing blocks on-chain in proof of work (PoW).
In the case of a hard fork, where both chains will continue to operate, the investor will end up with as many assets in one chain as if it were a clone.
While Ethereum PoW . is unlikely to exist any future After switching to Proof of Stake (PoS), Huobi still claims that the exchange will support forked assets. However, they will have to meet certain requirements.
For example, players willing to go ahead with such a process will have to make themselves known to Huobi Global before the hard split. Also, a new series should not be made Absorbed or eliminated by the other. The two blockchains must also be completely different, as is the case with Ethereum and Ethereum Classic (ETC) in particular.
All of these elements are valid for ETH, but also for other assets that are on the existing blockchain that can track.
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Pay attention to the platforms
When such events occur, it is the interest of platforms List of established assets. We recently had an issue with LUNA and LUNC after that Collapse of the Terra ecosystem. If an exchange fails to recognize the hard fork cryptocurrency, while its competitors do, the trust of its customers You will take a hit.
However, Huobi Global does not encourage total split cases no tech interesteven if it favors society:
However, we do not encourage forks without tangible innovation and improvement, and oppose any form of pre-mining behaviour. These worthless behaviors will alienate society, confuse the industry and misunderstand the user. »
Once again, there is nothing less certain about the future of a virtual Ethereum post-Merge Proof of Work version. Most players in the ecosystem Already looking to the future. Despite everything, these statements have an advantage somewhat assured People who express concerns about a possible failure to move to Proof of Stake.
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source : Huobi Global
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I shyly discovered the world of blockchain at the end of 2018 while searching for financial freedom. At first, I invested moderately, and after only two years, I took the risk of betting everything on the movement that was taking shape at the time. Then I dedicate 2021 to better train myself to gain more knowledge and earnestness. As I like to say often: I still have a billion things to learn. And what I know, I want to share with you.
Vincent Mayor
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