Layer 1 Conflux Blockchain Changes Algorithm to Receive ETH Miners: Details

Layer 1 Conflux blockchain setting up to receive ETH miners EthereumMerge Ethash $CFX CFX PoW PoS Cryptocurrency Mining CryptoMining

, come Sept. 19, through"The Merge'' update. Proof-of-work cryptos are highly dependent on mining, while proof-of-stake cryptos are not. Thus, the upcoming Merge event might disenfranchise the largest EVM Proof of Work mining ecosystem.

Ethereum Classic, a hard fork that was launched in July 2016 after the infamous DAO hack, might attract those members of the community who want to stick with the proof-of-work consensus mechanism, as it operates on a modified version of Ethash called ETChash. As reported by U.Today, the Ethereum Classic project has penned a note welcoming"disenfranchised" ETH miners who may lose out on their stream of income when the Merge occurs. The reported success it is seeing in migration likely contributed to the latest growth.The Ethereum Goerlis testnet has been merged. This is the last testnet before the Ethereum mainnet merge . Previously, both Ropsten and Sepolia successfully switched from PoW to PoS.

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