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Wednesday

28 July 2021

As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary

As Ethereum Price Suffers, Investors Wonder If ETH Can Become Deflationary


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But now a whole other question has arisen in regards to Ethereum, and that is if the digital asset will ever become deflationary.

Then this means that as long as people continue to use the network, then more ETH coins will continue to be created.

This mechanism will ensure that an estimated 30% of transaction fees generated will go to the miners or validators in ETH 2.0.

This means that instead of two new ETH coins being produced for each new block created and adding to the current Ethereum supply on the market, the base network fees will be going towards removing them entirely.

This mechanism will reduce the number of new ETH coins coming into the market and getting sold.

It will drastically reduce the supply of new coins, hence trying to make the digital asset deflationary.

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