Ether has become deflationary for the first time since the Merge, with more $ETH being burned verifying transactions than is created. The rate of new ETH creation has fallen nearly 90% since the Merge.
Ether reached a “post-Merge milestone” this week as it became deflationary for the first time since the Ethereum blockchain switched toIt became deflationary as more ether was burned
verifying transactions than was created in the same period, which led to a reduction of 0.13% in supply over the last week, equivalent to about 4,000 tokens, the note said.CoinDesk Special Coverage
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Fees Skyrocket First Time After Merge as ETH Price Drops 7%Ethereum fees increase for first time since Merge as ETH falls 7% $ETH Blockchain Crypto
Read more »
Ethereum price eyes 35% rally after 6,000 ETH gets burned in one weekEthereum's new supply turns deflationary for the first time since the Merge.
Read more »
Crypto Scam Victims File Arbitration Demand Against CoinbaseDisgruntled users are taking legal action against Coinbase exchange after being scammed by fraudsters
Read more »
Sanders Says Biden Admin 'Must Reject' Merger of Kroger and Albertsons'At a time when food prices are soaring as a result of corporate greed, it would be an absolute disaster to allow Kroger, the 2nd largest grocery store in America, to merge with Albertsons, the 4th largest grocery store in America,' said SenSanders.
Read more »
Is my grocery store closing? 7 questions about the Kroger, Albertsons mega-mergerKroger and Albertsons, merging in a $24.6 billion deal, operate nearly 200 stores combined in Dallas-Fort Worth, some within blocks of one another.
Read more »