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, a new Coingecko study has found. This study found that proof-of work (PoW), related searches were 169% more popular than those related to Proof-of-stake (PoS) searches.
ETH Merge searches
According to a new Coingecko study seeking 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” worldwide.
Canada and Switzerland share second place, with 286 points. As per the study’s findings, 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.”
PoW-related search results were also 169% higher in top 8 countries than PoS. 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:
The anticipation for the Merge has never been higher as it will have a ripple effect on the whole cryptocurrency ecosystem. This study may have accounted for the high ranking countries in this top eight list.
Ong also noted 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.” According to the co-founder, 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.
Your thoughts? Comment below and let us know how you feel.
Images CreditsShutterstock.com, Pixabay. Wiki Commons. Maurice NORBERT.
DisclaimerThis information is provided for educational purposes only. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or allegedly cause any kind of damage.