![Why Ethereum Classic's [ETC] post-merge ‘high' is wearing off](https://insights.cryptobasemarket.com/wp-content/uploads/2022/09/ethereum-classic-gid-5-195105-197316.jpg)
The transition of the Ethereum network into a proof-of-stake consensus mechanism on 15 September caused some Ethereum-linked assets to record growth. Following the merge, Ethereum Classic saw a boom in mining activity on its network as former miners on the Ethereum mainnet sought new homes.
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