Cryptocurrency aggregator CoinGecko conducted a study to find out how interested the crypto community of different countries is in the future merger of the Ethereum network.
To assess interest, CoinGecko analysts turned to Google Trends search query data in the context of the upcoming Ethereum merger, namely: “Ethereum Merge”, “ETH Merge”, “Ethereum”, “ETH”, “ETH Classic”, “Ethereum Classic”, “ Merger of ETH, Ethereum PoW, ETH PoW, Ethereum PoS and ETH PoS, as well as PoW and PoS. These terms were then combined to give each country an “overall search score” and find out where people were most interested in searching for information about the Ethereum network merger between July 1 and September 4, 2022.
The breakdown of the results revealed the eight countries most interested in a future Ethereum merger.
With a total search score of 377, Singapore leads the way with a total search score of 377, with its population showing the highest search rates for “Ethereum Merger”, “ETH Classic” and “Ethereum”, according to the research report. The city-state ranked second in searches for “ETH Merger” after Switzerland.
Switzerland and Canada tied for second place with a combined search score of 286 each. In Switzerland, “ETH” and “ETH Merge” were the most searched. At the same time, Canada ranks first in the world for the search query “ETH PoW”.
Germany, the US, and Turkey have the highest search rates for Ethereum PoW, while the Netherlands and Australia are ranked third and fourth for ETH Merge searches.
“Expectation for the merger is at an all-time high as the consequences of the event will reverberate across the entire cryptocurrency ecosystem. The top 8 rankings on this list cover countries with strong communities, which may explain the high search results in this study,” explained Bobby Ong, director and co-founder of CoinGecko.
Proof-of-Work (ETH PoW) searches outnumbered Proof-of-Stake (ETH PoS) requests by 169%, showing the high concern of the mining community about the upcoming merger. And also, perhaps, reflects the desire to find an alternative niche for the use of equipment.
Another interesting conclusion can be drawn based on the analysis of the search queries “Ethereum” and “ETH”, which are found 40% more often than the queries “Ethereum Classic” and “ETH Classic”.
Despite the fact that Ethereum co-founder Vitalik Buterin called Ethereum Classic a great network for the transition of miners and other fans of the Proof-of-Work algorithm, it seems that most of the crypto community adheres to the position of Cardano founder Charles Hoskinson, who called the Ethereum Classic network “useless blockchain that does not realize its full potential.”
Recently, the co-founder of cryptocurrency aggregator CoinGecko, Bobby Ong, referring to the history of Bitcoin forks, stated that too many Ethereum miners are interested in creating a new proof-of-work blockchain and warned of the danger of a lot of “useless ETH PoW”.
Source: Bits
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