Ethereum will gain the status of “supernatual” money, and Bitcoin will “work out”

9 months ago 0

As the emission is reduced Ethereum It will gain the status of “supernatual” money, and Bitcoin will “work out its” after reaching the proposal of 21 million BTC, the developer Justin Drake said.

As arguments, Drake compared Ethereum emissions and bitcoin After Dencun - 657 000 BTC and 469,000 ETH or $ 63.4 billion and $ 1.23 billion, respectively. Also, bitcoin major exist due to cryptocurrency extraction, while the share of commissions for a week was 1%.

Drake is sure that when the prey ceases to be appropriate, the network risks encountering security problems, and subsequent halings will only aggravate the situation.

Ethereum will gain the status of “supernatual” money, and Bitcoin will “work out”

It is interesting that recently the Ethereum proposal has grown to the levels observed before the London update (2021), which introduced the coin burning mechanism, as well as the transition to POS (The Merge in 2022), which accelerated the pace. The network has ceased to be deflation and burning coins. Since April, the issue has grown by 455,000 ETH.

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