Ether's net issuance turns negative alongside an Increase in at the amount of ether burned, a sign the cryptocurrency's prospects as deflationary asset depend heavily on network usage. Reports godbole17
Ether has turned deflationary for the first time since the token's parent blockchain Ethereum changed how it processes transactions nearly two months ago.shows the second-largest cryptocurrency's net issuance, or the annualized inflation rate, has dropped to 0.029%, indicating that the leading smart contract blockchain is now burning more ether than what's being minted.to a proof-of-stake consensus mechanism of verifying transactions from a proof-of-work mechanism on Sept. 15.
The deflationary milestone, however, remained elusive for nearly two months before finally being reached, with the recent increase in the Ethereum network activity prompting an uptick in the amount of ether burned. That's a sign that ether's prospects as a deflationary asset heavily depend on the degree of network usage.
On Wednesday, more than 5,000 ETH was burned, the highest single-day tally since June, according to Etherscan. More than 13,000 ETH have been burned in the past three days alone. The Ethereum Improvement Proposal -1559, implemented in August last year, introduced a mechanism to burn a portion of fees paid by users. The EIP is essentially tied the amount of ether burned with the network usage.
The amount of ether burned rose to a five-month high on Wednesday, indicating increased network usage.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Ether officially turns deflationary amid intense crypto-market fearThe post-Merge supply of ether has declined by over 400 ETH, compared to a theoretical proof-of-work increase of over 650,000 ETH.
続きを読む »
Ether, Solana Trade at Premium on FTX – Here is (Probably) WhyTrapped FTX users switch to major coins and execute 'synthetic withdrawals', leading to relatively higher prices for ether and Solana on the troubled exchange. Reports godbole17
続きを読む »
Bitcoin and ether up as U.S. inflation data below estimates at 7.7% in OctoberU.S. inflation is showing signs of easing, lifting dreary crypto markets which were previously driven downwards by FTX's liquidity issues.
続きを読む »
No Amount of Plexiglass Will Solve CVS and Walgreens’ ProblemsLocked cases. Shuttered branches. A standby of city life in the 21st century is firmly in decline.
続きを読む »
John Fetterman wins Pat Toomey’s Pennsylvania seat in U.S. Senate, defeating Dr. Mehmet OzThe lieutenant governor 's victory turns over a Republican seat.
続きを読む »
Among Us VR is the best version of the multiplayer hit | Digital TrendsIt turns out that AmongUs is even more tense (and much funnier) in VR.
続きを読む »