The Antpool (an Ethereum-based mining pool with open access) informed the consumers that the upgrade of the network to ETH 2.0 has a risk involved related to censorship within diverse jurisdictions. In this way, it added, it will be unable to maintain the ETH assets of the consumers on the network’s Proof-Of-Stake (PoS) chain for the security of the users’ assets. It persuaded the miners to include the address of an Ethereum wallet in their present accounts by 3rd September this year to get amassed ETH assets via Antpool. After the Merge, transactions wouldn’t be required to be verified by the miners because validator will process them.
Antpool Support Team Recommends Miners to Attach the Address of an ETH Wallet for Collective ETH Assets
Antpool, which is operated by Bitmain, noted that the pool will keep on offering services related to the mining pool named Ethash for the consumers who intend to carry on the mining of the Ethash tokens such as ETC. As per the pool, it will do everything to guarantee the stability of hash power as well as the security of the assets. Claiming it to be among the biggest mining pools operating on PoW consensus, Antpool’s Operations Support Team emphasized its ability. They asserted that the pool promotes decentralized PoW consensus developed on the behalf of the Bitcoin developer “Satoshi Nakamoto.”
In the words of the team, the pool completely supports ETC, BTC, as well as the rest of the tokens based on Proof-Of-Works (PoWs). They also disclosed that the pool has always focused on the development as well as the maintenance of the proof-of-work ecosystem. The team moved on to say that Antpool is determined to be a frontrunner in the industry of Blockchain with the utilization of technology. According to them, it will adopt the advancements of the future and will offer numerous possibilities to the users thereof.
After the Merge, validators will be responsible for transaction processing on Ethereum network. At the moment, a majority of validators are in control of staking providors such as Lido Finance, Coinbase, Kraken, and Suisse. There are a total of 416,000 validators and almost 50% of them are in control of the above mentioned entities. Remember that Antpool is a proponent of PoW and it has invested $10 million on Ethereum ecosystem.
The Merge-Related Events Elevate ETH’s Value
Because of the upcoming The Merge upgrade, Ethereum has witnessed price rallies recently. In the previous month, ETH surged by up to 40% to reach near the range of $1,000-$1,500. This was witnessed just following the announcement by the developers that The Merge will probably take place on the 19th of September. After that, the final testnet of the network, Goerli, was effectively merged with the PoS Beacon Chain of Ethereum on 11th August.
On the day after this, Ethereum co-founder Vitalik Buterin declared on Twitter that 15th September will be the possible date for The Merge. With these events, ETH rallied for another time, jumping from almost $1,600 on 10th August to touch $2,000 on 14th.