Ethereum Classic hash rate shot up by 200% over last 30 days

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Ethereum Classic’s hash rate has surpassed 64 terahashes per second (TH/s), having grown more than 40% in September ahead of The Merge.

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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