As many of you know, Ethereum is attempting to transition from Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS), a move that would eliminate dependence on heavy energy consumption from miners and pave the way for future scaling updates. This merge should take place in mid-September, and you can learn more about these plans here.
There is growing evidence that other parties might attempt to hard-fork Ethereum to avoid the shift to PoS. Should they be successful, there might be additional variations of the ETH token being traded on global markets.
At WOO X, our mission is not to take sides but to provide users with access to products and assets they wish to trade, all while maintaining the security of assets and data on the platform. Currently, it is difficult to predict the outcome of rumored hard-fork(s), but we will continue to monitor this as it develops and will notify users as more information becomes available. As always, we will do our best to accommodate any new networks or token distributions that meet the requirements of our listing framework.
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Note: Users should be aware of the associated risks before trading. WOO X is not responsible for any losses resulting directly or indirectly from trading.
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The WOO X Team