Why Ethereum Classics [ETC] post-merge high is wearing off
EthereumBakit ang high post-merge ng Ethereum Classic [ETC] ay nawawala09 / 19 / 2022Balita ng Ethereum ng Bitcoin Ang paglipat ng Ethereum network into a patunay-ng-taya consensus mechanism on 15 September caused some Ethereum-linked assets to record growth. Following the merge, Ethereum Classic saw a boom in mining activity on its network as former miners on the Ethereum mainet sought new homes. Ayon sa data 2miners.com, the surge in mining activity on the network caused the chain to set a new hashrate all-time high. The price of its native coin, ETC, also rallied by 11% following the merge. However, coming down from its post-merge ‘high,’ Ethereum Classic and the ETC coin have seen a decline in the past few days. In case you thought the rally was real Ayon sa data mula sa Minerstat, the Ethereum Classic hashrate stood at 199.4624 TH/s. Following the merge, it rallied to an all-time high of 296.0848 TH/s. However, in just four days, the mining hashrate on the network declined by 48%. This decline could be attributable to the further migration of the miners to the newly forked Ethereum proof-of-work network (ETH PoW). Ayon sa data mula sa OKLink, 1,716,444,102 transactions have been processed on the forked network since its launch on 15 September. Source: