Ethereum Classic’s hash rate soars 280% in a single day

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Ethereum Classic’s hash rate soars 280% in a single day
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Since The Merge, a lot of hash rate has flown to Ethereum Classic — as miners are no longer able to mine Ethereum.

The Ethereum blockchain is anticipated to move from proof-of-work to proof-of-stake on or around September 15, 2022.

In a PoS system, validators “stake” the native coin of the blockchain by transferring it to a smart contract, where it remains locked. A random validator is then picked to validate each new block and collect […]

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