Antpool invests $ 10 million in the Ethereum Classic ecosystem

Antpool mining pool associated with Bitmain Poole has announced an investment of $ 10 million in the Ethereum Classic ecosystem (ETC). The price of cryptocurrency reacted in growth.

“Let’s support the ETC ecosystem and incubate high -quality POW projects,” commented in Antpool.

CEO of Leon Leon LV during the World Digital Mining Summit 2022 conference said that in the future the volume of investments is planned to increase.

ETC mining is used by Ethash algorithm, as for Ethereum production (ETH). The developers of the second in capitalization of cryptocurrencies pre -appointed The Merge for September, during which the blockchain will switch to the POS consensus algorithm .

After upgrade, miners will not be able to get ETH anymore. It is assumed that they switch to etc.

The founder of the Grayscale Investments Assets Barry Silbert wrote on Twitter:

“I am sincerely glad of The Merge in Ethereum. Who would have thought. “”.

In a structure of 17 cryptocurrency traists, Ethereum Classic Trust takes third place in AUM with $ 286.5 million. The indicator is inferior only to Bitcoin -based funds ($ 13.9 billion) and Ethereum ($ 4.2 billion). At the same time, the ETC capitalization rating is located 22 positions.

Recall that in 2020, the Ethereum Classic network was 51%. The developers https://gagarin.news/news/a-samsung-crypto-exchange-in-the-making/?expertise_level=2 increased the stability of the blockchain to them with the activation of the THIS Hardfform.

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