Bitmex will launch derivatives based on the possible Ethereum POW-report

The BitMEX cryptoderivat Exchange will offer an Ethpow-based futu product potential Ethereum https://gagarin.news/ blockchain for the main network to the Proof-OF-Stake consensus algorithm (POS).

Futures under the Ethpowz22 ticer are calculated in Tether (USDT) and provides users with credit shoulder 2x.

“This is a very speculative contract (Ethpow does not exist yet and may never appear),” the statement said.

The product is already available in the test network.

Fork’s idea with the advent of Ethereum branch, which will continue to work at the Proof-OF-WORK (POW) algorithm in July, the influential Chinese miner Chandler Guo expressed in July. The EthPow asset that has appeared as a result will allow the mines of the second capitalization of cryptocurrency to continue work after the merger of the main network with the Beacon Chain planned for September.

The Poloniex exchange also announced the support of the alleged Ethereum POW and on August 8, Ethpos (Eths) and Ethpow (EthW) ​​leaflets conducted tokens (ETHW). Similarly, the MexC Global platform received.

Both assets exist in the form of debt receipts (IOU) issued in a binding of 1: 1 to the basic cryptocurrency ETH. According to CoinmarketCap, at the time of writing, Ethpos is traded in the area of ​​$ 1648 at the price of Ethereum about $ 1783. EthPow quotes are near $ 135.

Huobi said that they would take steps in support of a potential fork after “receiving a general picture of users’ opinions” and if the assets are complied with the Listing Rules.

Digifinex and OKX exchanges also began to evaluate the consequences of the possible branching of Ethereum.

Gate platform.IO on August 9 will start trading tokens ETHS and ETHW.

Recall that the developers of the ChainLink decentralized network said that the protocol would not support the EThereum Fork on the Pow algorithm.

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