Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Incentivised Posting / Shill => Topic started by: bapb1494 on September 16, 2022, 04:17:09 PM
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ETHpos (ETHS/USDT – Trade it here) represents the token of the new PoS (Proof-of-Stake) chain. Ethereum is about to undergo a major upgrade, the Ethereum Merge, also known as Eth2.0. In this case, Ethereum will switch from a Proof of Work consensus protocol to a Proof of Stake consensus protocol. In this article, we'll cover ETHS' core features and general tokennomics (and how to buy and earn his ETHS on MEXC).
HARD FORK and ETHS
When a blockchain network undergoes significant improvements, a hard fork occurs when more than 50% of the community members choose to adopt the update while the remaining members opt to stick with the old one. As a result, during this hard fork, ETHS and ETHW are generated.
How to buy ETHS?
Looking for a way to buy ETHS? You can purchase ETHS on MEXC following the steps:
Log in to your MEXC account and click [Trade]. Click on [Spot].
Search “ETHS” using the search bar to see the available trading pairs. Take ETHS/USDT as an example.
Scroll down and go to the [Spot] box. Enter the amount of ETHS you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy ETHS] to confirm your order. You will find the purchased ETHS in your Spot Wallet.
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Proof of Stake (POS) means the contributor needs to keep their Etherem coins for validating the network,
Ethereum switches to proof-of-stake consensus after completing The Merge because of high power consumption of mining equipment and for faster the transactions.