Cryptocurrency 18 minutes ago (Oct 30, 2022 07:00PM ET)
Here is why strong post-Merge fundamentals could benefit Ethereum price
The shift of the blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining.
Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking is expected to create deflationary pressure on Ether, as opposed to mining, which induces inflationary pressure.