OpenSea Opts for Ethereum Proof-of-Stake Post Merge
EthereumOpenSea Opts for Ethereum Proof-of-Stake Post Merge09 / 01 / 2022Balita ng Ethereum ng Bitcoin OpenSea processed $31 billion in trading volume since its inception Other platforms won‘t necessarily follow OpenSea’s selective stance, a crypto exec told Blockworks OpenSea will support the proof-of-stake Ethereum chain once the networks highly-anticipated upgrade — ang Pagsamahin — is completed. The Ethereum Merge will shift the blockchain from its current proof-of-work consensus to a more environmentally friendly version which is 99.9% more energy efficient. The event — expected to occur on or about Sept. 15 — has driven many crypto platforms to gear up for the change. “First, and most importantly, we are committed to solely supporting NFTs on the upgraded Ethereum PoS chain,” OpenSea said in a Twitter thread sa Huwebes. It also referenced potential Ethereum PoW forks that may try to launch alternative chains. Notably, existing non-fungible tokens (NFTs) on the Ethereum proof-of-work mechanism will no longer be supported or reflected in OpenSeas marketplace. OpenSea is the largest NFT marketplace for crypto collectibles on the Ethereum blockchain and has touched $31 billion in trading volume since its December 2017 launch, Data ng DappRadar palabas. Many have branded Ethereums upcoming transition as a defining moment for the blockchain space. Most platforms