Ethereum Classic hits all-time high hash rate ahead of The Mer | Crypto World Analysis

Ethereum Classic hits all-time high hash rate ahead of The Merge.

Ethereum Classic has reached an all-time-high hash rate of 45 terahashes per second (TH/s), having grown more than 480% year to date. Hash rate represents the amount of computing power involved in creating new blocks on its network. 

Ethereum Classic’s hash rate is still small in comparison to Ethereum, and accounts for only 5% of Ethereum’s hash rate of roughly 895 TH/s. This means Ethereum Classic has a long way to go before it’s considered a major network for proof-of-work miners.

Ethereum Merge