What will happen to the Ethereum supply after the merge?
MriplDec 17, 2021 · 3 years ago3 answers
After the merge, what will be the impact on the total supply of Ethereum?
3 answers
- Dec 17, 2021 · 3 years agoAfter the merge, the total supply of Ethereum will remain the same. The merge refers to the transition from the current Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). In PoS, new Ethereum coins are not mined like in PoW. Instead, validators lock up a certain amount of Ethereum as a stake to participate in the consensus process. Validators are chosen to create new blocks and validate transactions based on the amount of Ethereum they hold as a stake. Therefore, the merge will not affect the total supply of Ethereum.
- Dec 17, 2021 · 3 years agoDon't worry, the merge won't mess with the Ethereum supply. The total supply of Ethereum will stay unchanged after the merge. The merge is all about switching from the old mining system to the new staking system. In the new system, validators lock up their Ethereum as a stake to secure the network and validate transactions. No new Ethereum will be created through mining. So, the total supply remains the same. It's a win-win situation for Ethereum holders!
- Dec 17, 2021 · 3 years agoAfter the merge, the total supply of Ethereum will not be affected. The merge is an important step in Ethereum's evolution, as it replaces the energy-intensive mining process with a more sustainable and efficient staking mechanism. In this new system, validators who hold a certain amount of Ethereum as a stake will be responsible for securing the network and validating transactions. The merge does not involve the creation of new Ethereum coins, so the total supply will remain constant. This transition is expected to bring numerous benefits to the Ethereum ecosystem, including reduced energy consumption and increased scalability.
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