OKEx Pool, a comprehensive mining pool built upon cryptocurrency exchange OKEx, announced that it has joined an Ethereum 2.0 testnet as a Proof-of-Stake validator as announced by OKEx on April 29.
Topaz is the only completed testnet of ETH 2.0 mainnet configuration. The launch is a key action before ETH switches its consensus algorithm from PoW (proof-of-work) to PoS (proof-of-stake).
#OKExPool: Shout out to #ETH2 public testnet, Topaz Testnet, for a very successful launch 🎉 OKEx Pool is now an ETH2 Topaz Testnet validator 💪 Looking forward to 'PoS Ethereum' 😍 Congrats @prylabs @Preston_vanloon @raulitojordan @terencechain @VitalikButerin on Topaz! pic.twitter.com/P2hcmO6BBw — OKEx (@OKEx) April 28, 2020
OKEx Pool is among the first batch of mining pools to work as validator for the Ethereum 2.0 Topaz test network.
Alysa Xu, Chief Strategy Officer of OKEx says:
“We are glad to have become one of the first mining pools that have successfully connected with the Topaz ETH 2.0 test network. As a public chain with the largest ecosystem, ETH has brought the blockchain industry up to a new level in application expanding. We appreciate what ETH dedicated to the industry and have great confidence in the potentials of ETH 2.0.”
Alysa adds that the blocks are being validated in the Ethereum 2.0 Topaz testnet, launched by Prysmatic Labs:
“We are willing to contribute to the ETH ecosystem. Actually, we have already established the collaboration with Prysmatic Lab and more specific cooperation will be carried out by us to promote the development of ETH in the near future.”
It’s a rewarding move for big-scale mining pools to join in ETH 2.0. For ETH, OKEx pool and crypto exchange OKEx, it will generate huge traffic while capturing the attention of a large number of users and development teams.
For mining pools, betting on the ETH network will allow both the parties to grow together and share future dividends.
Official Source and Image: OKEx