ETH-flexiveby@cryptohayes
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ETH-flexive

by Arthur Hayes15mAugust 16th, 2022
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The merge will remove the Proof-of-Work ETH emissions on each block (i.e., the ETH that was being paid to miners in exchange for the computation power they provided to maintain the network). At present, these emissions total \~13,000 ETH per day. merge is expected to replace these with a much smaller emission of approximately 1,000 to 2,000 per day that will instead go to network validators. These emissions will occur at the same rate regardless of the price of ETH and the network’s usage. A certain amount of gas fees will be burnt every block (meaning the ETH used to pay those fees will. be permanently removed from circulation). This variable depends on the usage of the network.

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Arthur Hayes

Arthur Hayes

@cryptohayes

Arthur Hayes, Co-Founder of 100x

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Arthur Hayes@cryptohayes
Arthur Hayes, Co-Founder of 100x

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