The Ethereum network has seen its first consecutive week of negative supply issuance as bubbling markets drive persistently high transaction fees.With the highly anticipated London upgrade introducing a burn mechanism into Ethereum's fee market in early August, a small quantity of Ether has since been destroyed with every transaction executed on the network.With gas prices … [Read more...] about Ethereum sees first consecutive week of deflationary issuance
Deflationary
Ethereum’s London hard fork sets ETH on a more deflationary path
The London hard fork of Ethereum, which went live on Aug. 5, ushered in a new era for the transition to Ethereum 2.0, a complete proof-of-stake (PoS) blockchain. In fact, the London upgrade is the penultimate step on the way to the final transition to PoS scheduled sometime in 2022. The upgrade got triggered almost on time at 12:33 pm UTC at the block height of 12,965,000.Along … [Read more...] about Ethereum’s London hard fork sets ETH on a more deflationary path
Kevin O’Leary of ‘Shark Tank’ espouses deflationary future for Ethereum
Canadian entrepreneur, investor, and reality television personality, Kevin O’Leary — also known as “Mr. Wonderful” — appears to now be singing Ethereum’s praises as a deflationary asset.Clearly reading from a script, O’Leary took to Cameo — a website that allows users to purchase personalized video messages from celebrities — to espouse the benefits of Ethereum’s August 5 … [Read more...] about Kevin O’Leary of ‘Shark Tank’ espouses deflationary future for Ethereum
‘Deflationary’ Eth2 could flip Bitcoin: Messari analyst
Ryan Watkins, a senior research analyst at crypto analysis firm Messari, has speculated that Ethereum could overtake Bitcoin as the largest crypto asset once its Eth2 and Proof-of-Stake overhaul is complete.Appearing on Youtube show 'FinTech Today' on March 18, Watkins noted that while he does not know “if or when” Ethereum will flip Bitcoin, he does believe Ether could emerge … [Read more...] about ‘Deflationary’ Eth2 could flip Bitcoin: Messari analyst