Where have the miner rewards gone?
TeknolohiyaSaan napunta ang mga gantimpala ng minero?09 / 24 / 2022Balita ng Ethereum ng Bitcoin With macroeconomic conditions dictating the overall market sentiment and price-action, it can feel like little has changed since Ethereums merge to a Proof-of-Stake (PoS) consensus mechanism. The price of ETH has dropped 14.4% since the merge while the strength of the U.S. dollar has surged. ETH and USD Price Performance (Source: IntoTheBlock Capital Markets Insights) However, in the background, the merge has caused substantial changes to the tokenomics of ETH. As many readers might already know, the change from Proof-of-Work (PoW) to PoS means that the miners who had been previously incentivized to build and validate the blocks for the Ethereum mainet are no longer needed. This is because validators that have staked ETH to help secure the network have taken their place in validating blocks on the chain. In short, this change has resulted in a nearly 95% reduction in ETH emissions per block. Live updates of this can be found on the pera ng ultrasound web page that tracks all statistics on ETHs current emissions compared to a PoW Ethereum. Supply Since Merge (Source: Pera sa Ultrasound Setyembre 21, 2022) This graphic indicates that there has been a significant