CoinDeal, a bitcoin and cryptocurrency exchange company, has announced it will be switching the blockchain architecture on which its native exchange token CDL operates on from EOS to Ethereum.
The CoinDeal team says that the Ethereum (ETH) blockchain will allow them to quickly modify and verify the various stages required to create an ICO. As a result of using “gas” payment ICOs are more secure on Ethereum.
Another reason for the switch, Ethereum’s Greedy Heaviest Observed Subtree (GHOST) protocol allows for faster block creation times without compromising blockchain security, meaning ICO transactions get processed faster.
No action is required by exchange users or CDL holders with all EOS-based tokens being seamlessly converted to the new Ethereum based tokens.