How the Ethereum Security Model Will Make It a Unique Asset
Ethereum is making the headlines this week as the highly anticipated Merge is deployed on Ropsten for final testing phases. The future of the network and underlying asset after this event will put it in a unique position.
Ethereum’s security and monetary model could make it the most unique asset on Earth after the Merge. That is according to Ethereum analyst ‘@econoar’ who has delved into the post-Merge figures and network economics.
ConsenSys co-founder Joe Lubin first mentioned Ethereum’s supply and issuance properties in 2014 when he described it as a “disinflationary currency.”
The balance comes with network security which will soon be governed by staking. There has to be enough reward for stakers for them to continue securing the network. Presently, around 4.8 million ETH are issued per year under proof-of-work which is the cost of securing the network, the researcher noted.
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