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 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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