This time, OKX brought the Ethereum merger to Nasdaq
OKEx joined hands with ETH to appear on the Nasdaq big screen in Times Square at the moment the Ethereum upgrade was completed.Author: OKX
On September 15, 2022, Ethereum triggered the merge mechanism at block height 15537393, producing the first POS (Proof of Stake) block, marking the transition of the Ethereum chain to a proof-of-stake mechanism. Thus, the era of Ethereum miners officially came to an end.
The End of an Era
Many Ethereum miners have publicly or privately expressed that, although they likely knew the merge would result in a shift to POS, they would still try to sell some mining machines while transferring their hash power to other chains, and continue mining on the Ethereum chain until the very last moment before the merge, embodying a sense of tragic heroism reminiscent of ancient Greek tragedies. The abandonment of miners by Ethereum stems from various reasons, but it is undeniable that miners contributed significantly in the earlier stages of Ethereum.
The mining community generally possesses substantial hash power and is willing to invest time and money. Apart from Ethereum, most new technological advancements require hardware and financial support. From cloud computing to computer graphics, artificial intelligence, and machine learning, all major tech industries have encountered bottlenecks that necessitate faster computing and more efficient hardware. While the Ethereum merge seems to mark the end of GPU mining, it may also herald a new era where these displaced miners need to seek new opportunities in Web3.
Just like F2Pool, which mined the last block of ETH POW (Proof of Work), quoting the American ethnobotanist Terence McKenna in the final block: "As long as you are willing to make a commitment, the world will help you remove the insurmountable obstacles. Go fulfill your unfinished dreams, the universe will never suppress your progress. This is the essence."
Navigating into the Web3 World Requires Leaders
On the day Ethereum completed its merge upgrade, OKX partnered with ETH to appear on the Nasdaq screen in Times Square, causing a stir in the Crypto industry’s social networks and sparking concentrated discussions in the industry.
Just a few days prior, OKX had already caused a sensation across the internet—Manchester City Football Club manager Pep Guardiola, renowned F1 driver Daniel Ricciardo, and Olympic medalist Scotty James all asked everyone on major global platforms, "What is OKX?" This unprecedented handshake between giants shook the entire crypto industry, drawing attention and discussion from related industries worldwide.
From the perspective of industry practitioners, every step OKX has taken in the past six months has been nothing short of "astonishing." From becoming the top partner of Premier League champions Manchester City, McLaren Formula 1, golfer Ian Poulter, Olympic athlete Scotty James, and F1 driver Daniel Ricciardo, to expanding globally against the trend and collaborating with LinkedIn to create the world's first Web3 talent report to establish industry talent standards, OKX is gradually demonstrating its powerful influence and industry responsibility as a leader in the crypto and Web3 sectors.
This time, OKX once again stands at the center of the global financial hub, attracting the intense gaze of investors from around the world.
At the moment of Ethereum's upgrade completion, OKX partnered with ETH to showcase the positive intentions of one of the industry's most important institutions regarding the Ethereum Paris merge upgrade and presented a handling plan with industry normative significance.
The video short broadcasted in Times Square vividly illustrated that the essence of this Ethereum merge upgrade is the transition of the block production mechanism from POW to POS. At the same time, OKX aims to pay tribute to the miners of the Ethereum mining era through this initiative in the world financial center, hoping to lead them into the Web3 world.
At the start of the Ethereum merge, OKX publicly declared that users could "participate in the Ethereum merge in one stop." As a leading crypto asset trading platform and Web3 service platform, OKX's handling plan for this Ethereum upgrade covers a full product line upgrade, including fork coin airdrop snapshot distribution, mining pool revenue settlement, adjustments to ETH and ERC20 deposit and withdrawal services before and after the upgrade, risk control parameter adjustments during the upgrade, and Web3 wallet access to the forked chain ETHW.
It is worth mentioning that the OKX Web3 wallet set up dual benefits before the fork—receiving ETHW fork airdrops and OKT airdrops. Users only need to import their ETH assets into the OKX Web3 wallet before the fork; aside from their original assets being converted to ETH POS, they can still receive a 1:1 ETHW airdrop and obtain an equivalent of 10,000 OKT airdrops, which will be automatically added to their OKX Web3 wallet.
The OKX Web3 wallet is currently the most comprehensive heterogeneous multi-chain wallet on the market, encompassing four major sections: digital currency wallet, cross-chain Swap, NFT marketplace, and DApp exploration. It currently supports over 29 public chains and more than 1,000 DeFi protocols. Multi-chain, secure, simple, and user-friendly, it meets all user needs in Web3, truly realizing "one entry for Web3 is enough."
Pursuing Excellence as a Builder of the Crypto Ecosystem
Previously, OKX's official Twitter claimed, "As a core anchor point, BUIDL should actively save the industry," and OKX, rooted in Trade, has now become a global leader in crypto ecosystem building. Currently, OKX boasts a top-tier global crypto asset trading platform, a decentralized aggregation platform Web3 wallet, and OKC, which aims to provide a secure programmable smart contract platform for the next generation of Web3 applications. OKX users can now easily manage both CeFi and Web3 assets on a single platform.
From a global perspective, OKX has over 20 million users, covering more than 200 countries and regions, continuously providing users with secure, stable, and trustworthy digital asset trading.
In terms of actual actions, OKX has recently made significant investments in talent expansion, investment support, risk control security, and product upgrades over the past six months, comprehensively standardizing industry norms in talent team building, industry development direction, user asset security, and product experience upgrades, truly fulfilling the responsibility of a global leader in crypto ecosystem building.
Just as ETH needs to innovate itself to meet industry changes, OKX also upholds the values of embracing change and facing challenges, always staying at the forefront of the crypto industry, with an unwavering pursuit of excellence in ecosystem building.
