Celer Network Will Not Support Any Ethereum PoW Chains

Twitter icon  •  Published 1 год назад  •  Hassan Maishera

The Celer Network announced via Twitter on Tuesday that it would support the Ethereum Proof of Stake (PoS) chain following the Merge.

The Celer Network announced via Twitter on Tuesday that it would support the Ethereum Proof of Stake (PoS) chain following the Merge. However, it would not make functionalities available for any Ethereum Proof of Work (PoW) chains. 

The team warned that cBridge functionalities would be inaccessible during the Merge on all chains. However, once the ETH PoS is stable, cBridge will resume service. 

Celer Network is an interoperability platform that supports cross-chain fund transfers and generic message passing. CELR, the native token of Celer Network, is down by more than 5% in the last 24 hours and is currently trading at $0.01726.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.