OKX Wallet Announcement on Ethereum&#39s Merge Upgrade

 Latest Announcements    |      2022-08-11

Dear Customer,

Ethereum is expected to undergo a merge upgrade in Q3/Q4 2022, when the current Ethereum mainnet will be incorporated into the Ethereum Beacon Chain using Proof of Stake. In the process of Ethereum merge and upgrade, a hard fork may occur.

In order to support a more comprehensive multi-chain ecosystem, OKX Web3 Wallet has been actively paying attention and is ready to support the forked chain. In the follow-up, we will evaluate the launch time of the forked chain supported by the Web3 wallet according to the community acceptance and user needs.

What is an Ethereum Merge Upgrade?

Ethereum currently adopts the PoW consensus mechanism, and the beacon chain using the PoS mechanism is introduced to run in parallel with the main chain(PoW). The merge is set to combine the two systems together and replace the current PoW consensus mechanism with a PoS consensus mechanism. When the upgrade is completed, the current PoW consensus mechanism will be abolished, and all blocks on Ethereum will be generated through PoS.

OKX Web3 Wallet will continue to provide you with better products and services!

August 11, 2022 (HKT)

A step-by-step guide to purchasing and selling crypto on OKX,

Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.

Finally, simply confirm your transaction details.

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