WebsCryptoWebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Guides
  • PR
  • Sponsored
WebsCryptoWebsCrypto
Advertise
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Guides
  • PR
  • Sponsored
WebsCryptoWebsCrypto
WebsCrypto—News—Ethereum News—Citi: Post-merger Ethereum Issuance Is Estimated to Fall by 90% To About 600,000 per Year
Ethereum News

Citi: Post-merger Ethereum Issuance Is Estimated to Fall by 90% To About 600,000 per Year

By WebsCryptoSeptember 20, 2022
Citi: Post-merger Ethereum Issuance Is Estimated to Fall by 90% To About 600,000 per Year
Facebook Twitter Telegram LinkedIn Reddit WhatsApp Email

Citi said in a research report on Friday that the merger of Ethereum has been completed. Although there are high expectations for the transition, the volatility is still sluggish.

Ethereum’s current energy efficiency is 99.95%higher than the process of using the workload (POW) process. After the transition, the miners no longer received rewards, and pointed out that these rewards were equivalent to 4.9 million Ethereum each year.

It adds that the circulation of Ethereum will decrease by 90% to about 600,000, and the total supply of supply on the first day of merging is decreased, because the cost of combustion is greater than the rewards issued to the verificationrs.

Citi said that Ethereum has become an asset that can generate income after removing mining, and the current pledge yield is about 4.5%. This yield is higher than some traditional financial instruments.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Related News
Ethereum's Growing Dominance in the Cryptocurrency Market
Ethereum News January 11, 2023

Ethereum’s Growing Dominance in the Cryptocurrency Market

Mexican Central Bank Digital Currency Unlikely to Launch by 2024
Market News January 9, 2023

Mexican Central Bank Digital Currency Unlikely to Launch by 2024

Bankman-Fried Fights for Control of $460 Million Robinhood Shares, Claiming They're Necessary for Criminal Defense
Business News January 9, 2023

Bankman-Fried Fights for Control of $460 Million Robinhood Shares, Claiming They’re Necessary for Criminal Defense

Bitcoin's Hashrate Reaches Record-Setting High, Network Difficulty Expected to Follow Suit
Bitcoin News January 8, 2023

Bitcoin’s Hashrate Reaches Record-Setting High, Network Difficulty Expected to Follow Suit

French National Arrested in NY for Alleged $2.9M NFT Fraud
NFT News January 8, 2023

French National Arrested in NY for Alleged $2.9M NFT Fraud

SEC May Take Enforcement Action Against Coinbase
Business News January 8, 2023

SEC May Take Enforcement Action Against Coinbase

The Latest
Digital Collectibles Market Booms as NFT Sales Reach Record High in January 2023
NFT News February 2, 2023
Digital Collectibles Market Booms as NFT Sales Reach Record High in January 2023
Global Study Ranks London as World's Top Cryptocurrency Hub
Market News February 2, 2023
Global Study Ranks London as World’s Top Cryptocurrency Hub
Retail Giant Pick n Pay Goes All-In on Bitcoin, Adopts Cryptocurrency in All 1,628 Stores
Business News February 2, 2023
Retail Giant Pick n Pay Goes All-In on Bitcoin, Adopts Cryptocurrency in All 1,628 Stores
Supreme Court To Decide on Panamanian Crypto Bill After Congressional Rejection
Market News February 1, 2023
Supreme Court To Decide on Panamanian Crypto Bill After Congressional Rejection
The Fair Market Value of Bitcoin Held by Tesla in 2022 Is $191 Million, and the Impairment Loss Is $204 Million
Bitcoin News February 1, 2023
The Fair Market Value of Bitcoin Held by Tesla in 2022 Is $191 Million, and the Impairment Loss Is $204 Million

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter Instagram LinkedIn Telegram RSS
News
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Market News
  • Business News
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Services
  • About Us
  • Contact Us
  • Advertise
© 2023 WebsCrypto.
  • Privacy Policy
  • Terms of Service

Type above and press Enter to search. Press Esc to cancel.