City Bank’s Report Lays Out The Aftermath Of The ETH Merge

City Bank’s Report Lays Out The Aftermath Of The ETH Merge

The post City Bank’s Report Lays Out The Aftermath Of The ETH Merge appeared first on Stablecoin Vs Fiat Currencies: Features, difference, And Factors

According to City Bank’s report, the transition volatility has remained subdued despite the high hopes after the Ethereum Merge was successful. 

The merge involved the switch to a more energy-efficient proof-of-stake (PoS) consensus from a proof-of-work (PoW) process. Following the transition,  rewards are now not given to the miners and the ETH issuance is estimated to plunge 90% to around 600,000.

ETH has become a yield-bearing asset after the removal of mining, with a current staking yield of 4.5%. 

In the aftermath of the merge, the network activity has increased as ETH produces a yield for validators. However, the fees is still very low. 

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