{"id":13344,"date":"2022-08-26T21:49:43","date_gmt":"2022-08-26T21:49:43","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-says-it-will-evaluate-any-potential-forks-following-the-merge\/"},"modified":"2022-08-26T21:49:45","modified_gmt":"2022-08-26T21:49:45","slug":"coinbase-says-it-will-evaluate-any-potential-forks-following-the-merge","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-says-it-will-evaluate-any-potential-forks-following-the-merge\/","title":{"rendered":"Coinbase says it will &#8216;evaluate any potential forks&#8217; following the Merge"},"content":{"rendered":"<p><\/p>\n<div data-v-28d77a7a=\"\">\n<p>Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise.<\/p>\n<p>In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on a \u201ccase by case basis.\u201d The crypto exchange previously said it planned to &#8216;briefly pause&#8217; Ether (ETH) and ERC-20 token deposits and withdrawals during the Merge, expected to occur between Sept. 10 and 20.<\/p>\n<p>\u201cShould an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,\u201d said Coinbase.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Rest assured, all potential forked tokens of Ethereum, including PoW forks, will go through the same strict listing review process that is done for any other asset listed on our exchange.<\/p>\n<p>\u2014 Coinbase Assets (@CoinbaseAssets) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CoinbaseAssets\/status\/1562923140728045569?ref_src=twsrc%5Etfw\">August 25, 2022<\/a><\/p><\/blockquote>\n<p>Exchanges and crypto firms dealing in ETH have made announcements informing clients of any preparations needed ahead of the Merge from proof-of-work, or PoW, to proof-of-stake, or PoS. Many expect the blockchain\u2019s energy consumption to drop precipitously, scalability to improve, and the network will be less vulnerable to attacks.<\/p>\n<p>It\u2019s unclear how crypto users might respond to a forked PoW token listed on Coinbase or any crypto exchange as Ethereum transitions. On Wednesday, the platfor\u00a0launched an ERC-20 token that will allow customers to use staked ETH while earning rewards, cbETH.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bug bounty quadruples for Ethereum network \u2014 Up to $1M payouts ahead of Merge<\/em><\/strong><\/p>\n<p>Binance also said on Thursday it could offer support for new tokens created by a potential hard fork but would \u201cnot guarantee any listings\u201d without a review process. BitMEX made a similar announcement on Aug. 8, adding the offering was \u201chighly speculative\u201d and \u201cmight never exist.\u201d<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. In a Thursday update to an Aug. 16 blog post, Coinbase said it would evaluate any potential forks in the Ethereum blockchain on a \u201ccase by case basis.\u201d The crypto exchange previously said it planned to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-13344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase says it will &#039;evaluate any potential forks&#039; following the Merge | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-says-it-will-evaluate-any-potential-forks-following-the-merge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase says it will &#039;evaluate any potential forks&#039; following the Merge | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency exchange Coinbase has updated its information related to Ethereum transitioning to proof-of-stake to include forks that could arise. 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