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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="quad" data-source="post: 16724552" data-attributes="member: 17952"><p>Actually the inflation rate is now 1.4% after EIP 1559.</p><p></p><p>[URL unfurl="true"]https://watchtheburn.com/[/URL]</p><p></p><p>[URL unfurl="true"]https://blockchain.news/analysis/ethereum-2.0-full-upgrade-will-prompt-a-1-percent-annual-deflation-rate[/URL]</p><p></p><p>Ethereum’s annual inflation rate of nearly 4.1% has been reduced to 1.4% by the burning mechanism introduced by the London Hard Fork or EIP 1559 upgrade that <a href="https://blockchain.news/news/ethereum-highly-awaited-london-hard-fork-is-now-alive" target="_blank">went live</a> in August.</p><p></p><p>Therefore, LuckyHash speculates that a complete upgrade to Ethereum 2.0 will further reduce the inflation rate, prompting deflation by attaining a negative number.</p><p></p><p>The crypto service provider added that the annual issuance of Ethereum rises in tandem with the number of pledges based on ETH’s economic model. </p><p></p><p>A recent report by the Ethereum Foundation <a href="https://blockchain.news/analysis/transition-to-pos-will-improve-ethereum-efficiency-2000-times-ethereum-foundation" target="_blank">acknowledged</a> that a merge to Ethereum 2.0 from the present proof of work (PoW) is expected to happen in the second quarter of 2022, even though the ETH 2.0 deposit contract <a href="https://blockchain.news/news/ethereum-2-goes-live-eth-plunges-here-what-need-know" target="_blank">launched</a> in December 2020 has been showing the viability of the PoS consensus mechanism.</p><p></p><p>The PoS framework takes a different approach because validating blocks depends on the amount of ETH staked, given that it is used as collateral against dishonest behaviour.</p><p></p><p>Meanwhile, Microsoft’s director of digital transformation, Yorke Rhodes, <a href="https://digesttime.com/2021/12/22/microsoft-director-says-ethereum-will-become-the-decentralized-app-store-in-2023/" target="_blank">believes</a> that Ethereum will be the decentralized app store in 2023. He added:</p><p></p><p></p><p>Therefore, Rhodes trusts that Ethereum will scale through rollups and updates to become the flagship marketplace of Web3 in two years.</p></blockquote><p></p>
[QUOTE="quad, post: 16724552, member: 17952"] Actually the inflation rate is now 1.4% after EIP 1559. [URL unfurl="true"]https://watchtheburn.com/[/URL] [URL unfurl="true"]https://blockchain.news/analysis/ethereum-2.0-full-upgrade-will-prompt-a-1-percent-annual-deflation-rate[/URL] Ethereum’s annual inflation rate of nearly 4.1% has been reduced to 1.4% by the burning mechanism introduced by the London Hard Fork or EIP 1559 upgrade that [URL='https://blockchain.news/news/ethereum-highly-awaited-london-hard-fork-is-now-alive']went live[/URL] in August. Therefore, LuckyHash speculates that a complete upgrade to Ethereum 2.0 will further reduce the inflation rate, prompting deflation by attaining a negative number. The crypto service provider added that the annual issuance of Ethereum rises in tandem with the number of pledges based on ETH’s economic model. A recent report by the Ethereum Foundation [URL='https://blockchain.news/analysis/transition-to-pos-will-improve-ethereum-efficiency-2000-times-ethereum-foundation']acknowledged[/URL] that a merge to Ethereum 2.0 from the present proof of work (PoW) is expected to happen in the second quarter of 2022, even though the ETH 2.0 deposit contract [URL='https://blockchain.news/news/ethereum-2-goes-live-eth-plunges-here-what-need-know']launched[/URL] in December 2020 has been showing the viability of the PoS consensus mechanism. The PoS framework takes a different approach because validating blocks depends on the amount of ETH staked, given that it is used as collateral against dishonest behaviour. Meanwhile, Microsoft’s director of digital transformation, Yorke Rhodes, [URL='https://digesttime.com/2021/12/22/microsoft-director-says-ethereum-will-become-the-decentralized-app-store-in-2023/']believes[/URL] that Ethereum will be the decentralized app store in 2023. He added: Therefore, Rhodes trusts that Ethereum will scale through rollups and updates to become the flagship marketplace of Web3 in two years. [/QUOTE]
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