Ethereum Mainnet will soon move to the Beacon Chain, shifting the network’s consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). There will be 2 planned transition times:
once on 2022/09/06 18:00-21:00 (UTC+8)
Another one on 2022/09/15 07:00-10:00 (UTC+8)
During these two transition times,
we will pause all deposit and withdraw on the Ethereum blockchain, including ETH and all wallet types of ERC20 (ie, APE、BITO、MATIC、MODL、RPC、SHIB、TON、USDC、USDT)
Except for deposit and withdraw, all other operations such as ETH buying and selling will remain normal function
Other non-ETH-related cryptocurrencies (ie, BTC、TRX…etc) will also remain normal.
Bito Group supports the Ethereum merge and PoS mechanism
And is looking forward to this merge will make the Ethernet blockchain more scalable and environmentally friendly.
We will keep our users updated with the latest information in the future.
Let’s look forward to this groundbreaking milestone!