The Top Eight Countries Most Interested In The Ethereum Merge
As
the countdown for The Merge draws closer, a new Coingecko study has revealed
the top eight countries "most interested in the Ethereum Merge." With
a total search score of 377, Singapore is the top-ranked nation among countries
most interested in the Ethereum blockchain’s upcoming The Merge. The same study
also found that among the top eight ranked countries, proof-of-work
(PoW)-related searches are 169% higher than proof-of-stake (PoS) searches.
ETH Merge Searches
The
new Coingecko study seeks to determine the countries most interested in the
Ethereum (ETH) Merge event. Singapore tops the list "with a total
search score of 377." The country was found to have the highest search
levels for the phrases "Ethereum Merge," "ETH Classic,"
and "Ethereum" across the world.
Canada
and Switzerland are tied in second place with a score of 286. As per the findings of the study, while Switzerland mostly searched for "ETH" and
"ETH Merge," Canada, on the other hand, scored the highest in
terms of "ETH POW," the acronym for the Ethereum proof-of-work
consensus mechanism.
The
research study, which was carried out between July 1 and September 4, 2022,
also found that Germany, the U.S., and Turkey have the "highest search
levels for the term Ethereum POW." The Netherlands and Australia rank
"third and fourth in search levels for ETH Merge."
The
study also found that among the top eight countries, PoW-related searches are
169% higher than PoS searches. On the other hand, "ETH" searches are
40% more than "Ethereum Classic" or "ETH Classic"
searches.
Ethereum Hard Fork
Commenting
on the study’s findings, Bobby Ong, COO, and co-founder of Coingecko said:
"Anticipation
for the Merge is at an all-time high, as its effects will ripple throughout the
entire cryptocurrency ecosystem. The top 8 rankings in this list seem to
encompass countries with strong Ethereum communities, which might explain their
high search scores in this study."
Ong
also said that a slew of miners may want to continue mining, and this is likely
to result in the creation of "multiple contentious hard forks
post-Merge." The co-founder further said that it is this likelihood of
such hard forks that has led to a surge in search terms like "Ethereum
POW" and "ETH POW" over the past two months.
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