world’s leading cryptocurrency one of its exchanges, Huobi, on Ethereum He said that in the event of a possible hard fork, they will be able to offer support for assets leaving ETH.
“Following Discussions About Ethereum Hard Fork”
The exchange stated the following about the Proof of Work hard fork, which is said to be created for Ethereum:
“Huobi Global is following the discussions about the upcoming Ethereum Blockchain Hard Forks. The hard fork is a Blockchain network upgrade that demonstrates decentralization and the evolution of the Blockchain ecosystem. We respect the community consensus on Hard Forks.
However, we do not encourage forks that do not involve tangible innovations and improvements, and we oppose any pre-mining behavior. These worthless behaviors will cause segregation in the community, industry confusion and user misunderstanding.”
Huobi: As long as the ETH forked assets meet our security requirements, we will take the first move to support users to hold the assets and earn rewards. Trading services for those coins will be available as soon as possible per our rules. https://t.co/7S6mitpVNh
— Wu Blockchain (@WuBlockchain) August 6, 2022
The cryptocurrency exchange used the following statements in its blog post:
“As long as ETH forked assets meet our security requirements, we will take the necessary first step to support users to hold assets and earn rewards. Trading services for these coins will be made available as soon as possible in accordance with our rules.”,
Huobi Reveals Requirements for Listing New Assets
The exchange reported that new cryptocurrencies that can be created around Ethereum will be accepted if they meet the following conditions:
“A hard fork project team should notify Huobi Global and get a clear response before the hard fork takes place.
Bi-directional replay protection is applied by default; i.e. trading in one forked chain is void in the other.
The new chain will not be covered or eliminated by the original chain.
Transactions on the two forked chains must be differentiated such that all wallets (including light nodes) need to be upgraded to support the new chain.
Before a hard fork can begin, official client software must be released that has undergone public testing and evaluation.”
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!