<(Notice) Deposit & withdrawal during the Ethereum's The Merge update>. What is The Merge.
07 Sep 2022, 09:00
<(Notice) Deposit & withdrawal during the Ethereum’s The Merge update>
What is The Merge❓
💬 The Merge represents the joining of the existing execution layer of Ethereum, which is the Mainnet secured by proof-of-work(PoW) with its new proof-of-stake consensus layer - the Beacon Chain. As these two systems finally come together, proof-of-work is replaced permanently by proof-of-stake(PoS).
👉 Go to see more about The Merge
📌 Due to the upgrade of Ethereum’s The Merge, most exchanges will be going to restrict their deposit and withdrawal starting 00:00(KST) on September 8(Friday). We believe that there will be a lot of inquiries regarding the deposit and withdrawal in NvirMarket and N-Hub, hence we are giving out this notice.
📌 In the case of the Centralized Exchange, there is a possibility that a new blockchain(ETHW) with a separate ledger and PoW consensus algorithm will be created according to the community's discussion of the PoW hard fork. Therefore, the restriction of deposit and withdrawal will be needed for easier task separation. However, as NvirMarket and N-Hub are both De-Fi platforms, there will be no restriction on deposit and withdrawal as it’s not necessarily.
Thank you.