Technology - Proof of Stake - Ethereum

VTBDex & Ethereum’s switch to PoS

VTBDex & Ethereum’s switch to PoS

 Date: September 9th, 2022

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VTBCommunity Announcement – VTBDex Technical Updates – Ethereum’s PoS Transition

Dear VTBCommunity members,

The Ethereum blockchain is making blockchain history this coming week with its transition from the PoW (Proof of Work) to the PoS (Proof of Stake) consensus mechanism.

We are excited to continue to use the Ethereum blockchain once this significant merge is complete.

To protect our community, we have decided to stop all Ethereum blockchain transactions such as deposits, onboarding, and withdrawal. This process will be from the 13th of September until the 16th when the Ethereum migration to PoS is successfully finished.

Additional Resources

You may find more information about this event on Ethereum’s official channels and through other sources mentioned below.

We are grateful to the entire community and for everyone’s continued support.

Thank you,

The VTBCommunity Foundation