Ethereum Suffers Massive 100K Coin Loss Following The Merge
Key Points:
- Ethereum’s supply of ether declines by more than 100k coins after The Merge.
- Total supply of ether decreases by 103,092 coins, worth over $200M.
- Instead of increasing, post-merge Ethereum’s coin supply is down by 0.144% per year.
Since the implementation of The Merge, the Ethereum blockchain has undergone a significant transformation.
The Merge moved Ethereum away from an energy-intensive proof-of-work consensus mechanism to a more environmentally friendly proof-of-stake method, which has had several implications for the supply of ether.
Over the last 217 days, the total supply of ether has been declining, with a decrease of 103,092 coins – worth over $200 million at current prices – according to Ethereum tracking website ultrasound.money. This gradual decrease is a result of the shift towards the proof-of-stake consensus mechanism, which has resulted in a decrease in the number of miners and an increase in stakers.
However, it is interesting to imagine what would have happened if The Merge had never happened and Ethereum remained secured by miners instead of stakers. In that case, it is estimated that the supply of ether would have increased by more than 2.52 million coins, worth $4.9 billion. Additionally, the supply of Ethereum’s native coins would have increased by 3.53% annually.
Instead, post-Merge Ethereum has decreased its coin supply by 0.144% per year. Ultrasound.money even claims that $1.2 billion is being removed from the ether supply during the same time frame. This is a result of the shift towards proof-of-stake, which has a lower energy consumption rate than proof-of-work.
It is important to note that the current supply of ether is roughly 120,418,032 million coins, and this shift towards proof-of-stake is expected to continue to affect the supply of ether over time.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Annie
Coincu News
Author
Ethereum
Ethereum Suffers Massive 100K Coin Loss Following The Merge
Key Points:
- Ethereum’s supply of ether declines by more than 100k coins after The Merge.
- Total supply of ether decreases by 103,092 coins, worth over $200M.
- Instead of increasing, post-merge Ethereum’s coin supply is down by 0.144% per year.
Since the implementation of The Merge, the Ethereum blockchain has undergone a significant transformation.
The Merge moved Ethereum away from an energy-intensive proof-of-work consensus mechanism to a more environmentally friendly proof-of-stake method, which has had several implications for the supply of ether.
Over the last 217 days, the total supply of ether has been declining, with a decrease of 103,092 coins – worth over $200 million at current prices – according to Ethereum tracking website ultrasound.money. This gradual decrease is a result of the shift towards the proof-of-stake consensus mechanism, which has resulted in a decrease in the number of miners and an increase in stakers.
However, it is interesting to imagine what would have happened if The Merge had never happened and Ethereum remained secured by miners instead of stakers. In that case, it is estimated that the supply of ether would have increased by more than 2.52 million coins, worth $4.9 billion. Additionally, the supply of Ethereum’s native coins would have increased by 3.53% annually.
Instead, post-Merge Ethereum has decreased its coin supply by 0.144% per year. Ultrasound.money even claims that $1.2 billion is being removed from the ether supply during the same time frame. This is a result of the shift towards proof-of-stake, which has a lower energy consumption rate than proof-of-work.
It is important to note that the current supply of ether is roughly 120,418,032 million coins, and this shift towards proof-of-stake is expected to continue to affect the supply of ether over time.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Annie
Coincu News
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