AntPool Supports Ethereum Classic Ecosystem With $10M Investment

AntPool, the mining pool partnered with mining rig goliath Bitmain, has contributed $10 million to help the Ethereum Classic environment and plans to keep money management more, the pool's CEO, Lv Lei, said at Bitmain's World Digital Mining Summit on Tuesday.

While the Ethereum network is attempting to change over completely to a proof-of-stake (PoS) model, Ethereum Classic is scheduled to stay evidence of-work (PoW). PoS will definitely change how Ethereum approves blocks, adds them to the blockchain and gives new ether (ETH). In doing as such, it will take out the requirement for particular mining rigs, for example, the ones Bitmain makes.

Ethereum Classic, notwithstanding, will keep on mining its local ETC cryptographic money utilizing these apparatuses.

The underlying $10 million venture went to the turn of events and investigation of utilizations of the Ethereum Classic mainnet, as to advance the general execution of the organization.

Bitmain began selling its most recent Ethereum mining model (the Antminer E9) prior in July. All the mining rig producer likewise reported at the World Digital Mining Summit in Miami that it will be tolerating installments in ETC for its Antminer models.