Nasunog ang Ethereum Network ng 980K ETH Mula noong Pagsamahin ang Pag-upgrade
One year after its groundbreaking transition from the Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism, Ethereum has witnessed a remarkable decline in energy consumption and enhanced network accessibility. However, persistent technical challenges continue to affect its journey ahead. Data from the Ethereum analytics platform ultrasound.money reveals that since the transition, the network has minted 681,049.69 Ether while burning 980,847.58 Ether, resulting in a net supply reduction of 299,797 Ether, equal to a 0.248% annualized decrease. On September 15 of the previous year, Ethereum executed the pivotal Merge upgrade, shifting from PoW to PoS. This monumental transition substantially curtailed its overall energy usage. Currently, the Goerli testnet will be replaced by the new testnet, Holesky, which follows years of development for the developer community. The Merge also transformed Ethereum into an economically deflationary network, wherein the issuance of new ETH to secure the network outpaced the ETH removed from circulation. Despite optimism that ETHs price would surge due to this deflationary pressure, several macroeconomic challenges, including banking crises and rising inflation, have somewhat subdued these expectations. It‘s worth noting that Ethereum’s growth in value has been overshadowed by Bitcoins price surge in the first quarter of this year, with the leading cryptocurrency









