OKEx Pool Vows to Maintain EOS’ Security and Stability via Stable Block Production

OKEx Pool, a cryptocurrency mining pool that’s part of leading cryptoasset exchange OKEx, has revealed that its’ set to maintain EOS’ security and stability via a stable block production.

During the recent DELTA Summit in Malta, the cryptocurrency mining pool set itself apart as an innovative pioneer in the space and topped the EOS Block Producer (BP) rankings after vowing to guarantee a stable production of blocks, to help maintain the cryptocurrency network’s security and stability.

Block Producers on the EOS blockchain help maintain the network, and are rewarded with EOS for their work on the network – similar to miners on the Bitcoin blockchain. There are a total of 21 elected BPs EOS holders vote for.

OKEx’s mining pool has last month hosted an EOS Block Producer Pursuit, and gave back to the community by using its votes to contribute to the ecological development of EOS. In a release OKEx’s team wrote:

OKEx Pool supports both PoW and PoS/DPoS mining, a pioneer in the industry that focuses on innovative development. Not only does it offer the best services to customers, OKEx Pool also helps project teams to cultivate their quality projects on the EOS public blockchain, hence fostering the development of the whole ecosystem.

The mining pool also supports IOST staking, and has recently become a supernode of V Systems (VSYS). Users can also use SHA-256 or Scrypt mining hardware on OKEx Pool to contribute to its hashrate on the Bitcoin, Bitcoin Cash, and Litecoin networks, among others.

As CryptoGlobe reported during the DELTA Summit. OKEx also announced the launch of an initiative to develop global compliance standards for cryptocurrency exchanges. The exchange revealed it’s engaging exchanges and other market participants to develop a Global Self-Regulated Organization (SRO).

The SRO was announced by Enzo Villani, OKEx’s Head of International Strategy. Villani, a former Nasdaq executive, noted that while other organizations introduced initiatives to elevate standards for crypto exchanges, most focused on one jurisdiction only. OKEx’s goal is to create a global SRO to provide international standards.

Featured image via Unsplash.