A new report published by CoinGecko has revealed the places in the world most interested in the next Ethereum merger.
The data reveals that Singapore is the most interested country in the world, and by a wide margin. Singapore scored 377 points, almost 100 points more than the countries that occupy second place, Switzerland and Canada, both tied with 286 points. Germany, the United States and the Netherlands rounded out the remaining top five.
Scores were determined by frequency analysis of ten search terms which were then combined for the overall ranking. These terms included “Ethereum Merges”, “ETH Merge” Y “Ethereum PoW”among others.
In Singapore, some terms were especially powerful, such as “Ethereum Merges”, “ETH Classic” Y “Ethereum”. In Switzerland, users searched for “ETH” more than anywhere else in the world.
Bobby Ong, COO and co-founder of CoinGecko explained the results and said that world expectation is high, since the merger is expected in less than a week. The developers claim that it will take place between September 13 and 15.
“The top 8 spots on this list appear to encompass countries with strong Ethereum communities, which could explain their high search scores in this study.”
The merger of the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS) will have “effects that will spread throughout the cryptocurrency ecosystem”, says Ong.
As the world awaits the merger, the cryptocurrency community on Twitter is abuzz with anticipation. Some have high hopes for the Ethereum community:
The Ethereum merge will reduce energy consumption by 99.9%
The major problem that halted Bitcoin institutional adoption was energy consumption
ETH institutional adoption is about to skyrocket in 2023
— JRNY Crypto (@JRNYcrypto) August 31, 2022
The Ethereum merger will reduce energy consumption by 99.9%.
The main issue holding back institutional adoption of Bitcoin was power consumption
Institutional ETH Adoption Poised to Skyrocket in 2023
While others anticipate an immediate fallout for the native network cryptocurrency ETH:
I think #Ethereum will dump hard on the Merge Date
— Crypto Rover (@rovercrc) September 3, 2022
I think Ethereum will fall hard on the date of the merger.
Even the mainstream media have tried their hand at covering the upcoming transition.
Exchanges, miners, and developers across the space have also been preparing for the event in various ways. For example, Binance US has started offering low-barrier Ethereum staking, while FTX announced that it plans to stop ETH deposits and withdrawals on Arbitrum, Solana, and BSC during the Merger.
Before the Bellatrix update, which took place on Tuesday, September 6, 74% of Ethereum nodes were ready for the transition.
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