Miners have changed their priorities: Ravencoin instead of Ethereum

Today was the event the whole cryptocurrency world has been waiting for – the transition of Ethereum to the PoS algorithm. After postponing the deadline many times, not everyone believed it would happen on September 15.

However, after it became clear that ETC was different, it was time for miners to turn their attention to other cryptocurrencies. Ravencoin turned out to be the unequivocal leader, which surpassed not only ETC but also BTC and SHIB. The growth of the alternative network’s hash rate reached 541%.

The value of RVN also increased, and very significantly: by 75%. Experts attribute this to the fact that the coin became the base focus for miners after the merger.

Another advantage of the token is that it works on the PoW algorithm, and the mined assets can be used for absolutely different purposes. Just like Ethereum.