Hexlant, a blockchain technology company, announced on the 23rd that it will support upgrading the Ethereum chain ‘Merge’ in its wallet infrastructure service ‘Octet’.
The Ethereum merge upgrade scheduled for this month is about converting the Ethereum network, which is a proof-of-work (PoW) method, to a proof-of-stake (PoS) method. Like Bitcoin, miners had to use powerful computing power to mine Ethereum, but after the merge upgrade, the transaction details are verified and rewarded according to the stake they own.
Octet has completed the testnet update and is planning to update the mainnet in the middle of this month. Updates are supported in the form of non-stop service to minimize customer inconvenience.
Octet completed the upgrade related to the Ethereum testnet ‘Goerli’ on the 11th of last month, and it will be applied to this update as well. Hexland emphasized that customers can quickly and safely operate services through Octet without having to respond separately to merge.
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Hexland, a representative of Octet, said, “Octet not only supports Ethereum merge upgrades, but also supports major hard fork chains quickly.
Octet will also support the ETHW hard fork chain resulting from the Ethereum merge update.