Get Forked: Ethereum PoW Forks Fall 66% In Just Days

Get Forked: Ethereum PoW Forks Fall 66% In Just Days

Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge.

Ethereum PoW Forks Have Fallen 66% In Just Five Days

According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge.

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The much talked-about event transitioned Ethereum to a Proof-of-Stake consensus mechanism, essentially obfuscating the use of miners on the network.

However, some communities that were in favor of the old PoW-based system decided to create forks as the merge came approaching.

These new forks still rely on mining for reaching consensus on the network and have therefore naturally attracted the stranded ETH miners.

Here is a chart that shows how some of the most popular forks

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