Tether Announces It Will Support ETH 2.0

Ethereum 2.0 is one of the most important developments the crypto money industry is looking forward to. Ethereum 2.0 will change the consensus mechanism from Proof of Work to Proof of Stake. Finally, Tether announced that it would support ETH 2.0.

Tether To ETH 2.0 Support

Ethereum is in full swing to transition to Proof Of Stake with increased traffic and rising gas fees. Finally, the Ethereum developer team gave a date for Merge. However, it is said that the given date may be postponed again.

Paolo Ardoino, chief technology officer of Bitfinex and Tether, made a statement about ETH 2.0. Ardoino has announced that it will support ETH 2.0, although there are claims that Ethereum Merge may be delayed again.

Ethereum developers expect Merge to take place the week of September 19, but there are rumors that it may be delayed. Merge, which will turn Ethereum into a proof-of-stake (PoS) consensus mechanism, is expected to reduce the electricity consumption of the network by over 99 percent.

Ethereum Merge, which the entire crypto market has been waiting for, hit an all-time high on Google searches last March. This means many people eagerly await and show interest in ETH 2.0.

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