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Cryptocurrencies: 24119
Markets: 92150
Market Cap: $3,686,476,298,394     
24h Vol: $336,525,782,631
Bitcoin.com 2023-01-30 14:30:03

Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition

Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition
Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has been lost over the last
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