Since September 6th, Ethereum Classic has decreased by 13%, while Cardano's founder Charles Hoskinson advises miners to switch to Ergo. Vitalik Buterin, the founder of Ethereum, promotes the ETC mining community.
The requirement to update Ethereum clients arises as a result of the Bellatrix upgrade, which will allow the Beacon Chain to perform transactions.
In a battle to the bottom for profitability, the Ethereum Merge could cause many crypto miners to give up and leave their pricey mining rigs.
ENS domains have risen to the top of OpenSea's seven-day trade volume chart ahead of the forthcoming Merge.
Vitalik Buterin's study revealed that the community wanted a.eth domain name with five letters and a price of $100.
Even though Ethereum developers stated there will be no downtime, FTX decided to halt 'deposits and withdrawals until the Merge is concluded and networks are stable.'
The big change to proof-of-stake is not reflected in the price of ether, says the chief content officer at CoinDesk.
The code bug has affected the cETH market and the front-end user interface of Compound, but the CEO has confirmed that 'funds are not at risk right now.'
The transaction price dilemma that has hampered the expansion of the Ethereum network over the past two years will get better with the Nitro upgrade.
According to David Schwartz, who believes that eBay also creates BTC and ETH securities, cryptocurrency miners in the Ethereum and Bitcoin ecosystems are similar to eBay shareholders.