Bitfinex announces support of Ethereum Merge toward proof-of-stake

Bitfinex announces support of Ethereum Merge toward proof-of-stake

Bitfinex will review all forked tokens and take snapshot of all ETH balances and margin positions.

Bitfinex announces support of Ethereum Merge toward proof-of-stake

Bitfinex has announced support of the Ethereum Merge, one of the most important chapters in Ethereum’s history as it permanently changes the underlying consensus mechanism to a proof-of-stake system.

“Proof-of-stake” uses an algorithmic lottery to determine who gets to validate transactions (and win tokens as a reward for doing so) out of a pool of “stakers” who temporarily deposit…


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