Ethereum Classic Receives $10m Capital Boost from AntPool - BitcoinEthereumNews.com
EthereumAng Ethereum Classic ay Nakatanggap ng $10m Capital Boost mula sa AntPool07 / 28 / 2022Balita ng Ethereum ng Bitcoin Layer-1 blockchain protocol, Ethereum Classic has received a new $10 million capital boost for its ecosystem as anunsyado by AntPool, the mining pool offshoot of Bitmain. The capital pledge was made as a show of gesture to support the blockchain protocol, which will continue to use the Proof-of-Work (PoW) consensus model of validating transactions. Ethereum Classic is the product of the mahirap kapag nahati ang kalye of the Ethereum protocol back in July 2016. It carved a name for itself as a protocol that aimed to help maintain the integrity of the Ethereum protocol at the time, but over the years, it has grown into a smart contract protocol that now supports the growth of DApps. Ethereum Classic will soon become one of the top protocols to be using Bitmains mining rigs after Bitcoin, as Ethereum is scheduled to transition into a Proof-of-Stake (PoS) network by September. As a PoS network, Ethereum will be free from the endless criticism that Bitcoin and Ethereum Classic face with respect to their high carbon footprint. The PoW transaction validation model requires the use of highly advanced machines that