Holders of Ethereum Classic (ETC) are cautiously watching the mining activity of its blockchain, as the approaching merge of Ethereum (ETH) and its transition to the proof-of-stake consensus mechanism puts more attention on the six-year-old cryptocurrency.
The drastic jump in activity may signal a shift in focus for cryptocurrency miners. It could also reduce the risks of a so-called “51% attack” on ETC, which have been levied against the blockchain in the past.
The hash rate of the Ethereum…
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