The post Ethereum (ETH) Shows A Lower Issuance Rate Post Merge appeared first on Coinpedia Fintech News
As promised with the Merge, Ethereum (ETH) is doing well with its claims of greater inflation resistance. IntoTheBlock analysts have disclosed that the inflation rate of ether (ETH) has dropped to a range of 0% to 0.7%, in comparison to 3.5% prior to the Merge. We can note that Bitcoin’s net issuance rate is about 1.75% currently, in contrast to Ethereum. Ethereum’s weakened inflation rate can surely strengthen its appeal among crypto investors.
Ethereum Foundation mentioned that the issuance of Ethereum’s proof-of-work (PoW) mining rewards was around 13,000 ETH per day. As per Ultra Sound Money, around 8,100 ETH have been added to ether’s total supply since the Merge. Now mining rewards have disappeared, and staking rewards would amount to around 1,600 ETH per day as per calculations, following the merge.
However, IntoTheBlock analyst says that the net inflation rate is still “higher than the deflationary ETH many anticipated.” According to Conotoxia’s Kostecki, the newly discovered inflation resistance’s value could be pulled down by investors’ fears about the SEC, which is trying to categorize cryptocurrency as a security.
Source: https://coinpedia.org/crypto-live-news/ethereum-eth-shows-a-lower-issuance-rate-post-merge/