{"id":32473,"date":"2022-12-17T09:57:35","date_gmt":"2022-12-17T09:57:35","guid":{"rendered":"https:\/\/lydian.io\/?p=32473"},"modified":"2022-12-17T09:57:35","modified_gmt":"2022-12-17T09:57:35","slug":"coinbase-will-briefly-pause-deposits-and-withdrawals-of-eth-and-erc-20-tokens-during-the-ethereum-merge","status":"publish","type":"post","link":"https:\/\/lydian.io\/coinbase-will-briefly-pause-deposits-and-withdrawals-of-eth-and-erc-20-tokens-during-the-ethereum-merge\/","title":{"rendered":"Coinbase will \u201cbriefly pause\u201d deposits and withdrawals of ETH and ERC-20 tokens during the Ethereum merge.","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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United States-based cryptocurrency trade Coinbase has introduced that it'll quickly droop sure token deposits and withdrawals as Ethereum's core builders transition the blockchain to proof-of-stake, or PoS.<\/p>\n
In a weblog publish Tuesday, Coinbase product supervisor Armin Rezaiean-Asel said<\/a> that the crypto trade will \u201cbriefly pause\u201d Ether (ETH) and ERC-20 token deposits and withdrawals in the course of the merge occasion \u201cas a precautionary measure\u201d to deal with the migration. The trade additionally warned customers about scammers providing ETH2 tokens, saying that crypto customers wouldn't have to take any extra motion to get ETH staked earlier than the merger.<\/p>\n \"Whereas the merger is predicted to be seamless from a consumer perspective, this downtime permits us to make sure that the transition has been efficiently mirrored by our methods,\" mentioned Rezaiean-Asel. \"We don't count on any influence on different networks or currencies and don't count on any influence on buying and selling of ETH and ERC-20 tokens through our centralized buying and selling merchandise.\"<\/p>\n Ethereum Proof of Stake<\/p>\n Lastly the time has come! Here is how we put together for The Mergehttps:\/\/t.co\/AIIUqWcDxm<\/a><\/p>\n