Poloniex announces the listing of potential Ethereum hard fork tokens
Since August 8, ETH holders on the platform will be offered to exchange the asset for either of the two tokens at a ratio of 1:1

06.08.2022 - 09:45
777
2 min
0
What’s new? The Poloniex exchange has announced the listing of two types of ETH tokens, which may eventually emerge after the Ethereum hard fork. According to the platform’s representatives, 2 parallel blockchains could emerge after the network switches from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS) in September. The exchange offered its customers the new product to protect user funds and avoid risks associated with volatility during the upgrade process.
What is known about tokens? Since there may appear two tokens during the upgrade process, ETHS will represent the version of the asset of the new network on PoS and the ETHW token will represent the old blockchain running on PoW. Starting August 8, ETH holders on Poloniex will be offered to exchange the asset for either of the two tokens at a 1:1 ratio.
If the Ethereum 2.0 upgrade is completed without a fork, the ETH symbol will be retained. In this case, Poloniex will exclude ETHS, ETHW, and related markets from the listing, and ETHS will be converted to the upgraded ETH.
Poloniex, a centralized crypto exchange, was founded in 2014 and is headquartered in Seychelles. The daily trading volume as of August 6 is $25,95 million. There are 366 coins and 526 trading pairs available on the platform.
What is known about the transition? Ethereum 2.0 is a major upgrade to the network, preparations for which began back in December 2020. It will increase the speed, efficiency, and scalability of the network. With it, the system will be able to provide an increased level of security and process more transactions. The way coins are earned on the network will change from mining to staking.
Ethereum co-founder Vitalik Buterin said that by the end of the roadmap for the network’s transition to PoS would see its scalability increase from 25 to 100 000 transactions per second (TPS). The developer believes that the growth of the coin may not happen immediately, but “under the right set of conditions,” it can be expected in 6-8 months after the upgrade.
Useful material?
Market
Companies added a record 159 107 coins to their balance sheets during the reporting period
Jul 10, 2025
Market
The company created its own vault to save money
Jul 9, 2025
Market
The blockchain analytics company has received a strategic investment from the stablecoin issuer
Jul 8, 2025
Mining
It will allow for the identification of market participants for the application of special regulation and taxation
Jul 7, 2025
Incidents
The payments may be hindered by local laws, the exchange pointed out in a motion to the court
Jul 4, 2025
Crypto regulations
The regulator is also ready to participate in the creation of a legislative framework
Jun 30, 2025