MIAMI – AntPool, the mining pool affiliated with mining rig giant Bitmain, has invested $10 million to support the Ethereum Classic ecosystem and plans to continue investing more, the pool's CEO, Lv Lei, said at Bitmain's World Digital Mining Summit on Tuesday.
While the Ethereum network is working to convert to a proof-of-stake model, Ethereum Classic is slated to remain proof-of-work . PoS will drastically change how Ethereum validates blocks, adds them to the blockchain and issues new ether . In doing so, it will eliminate the need for specialized mining rigs, such as the ones Bitmain makes.
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AntPoolofficial egreechee Lmao invested 10m? Is that even a lot? Seems like a fart