The successful implementation of The Merge update on September 15, 2022, which transitioned Ethereum (ETH) from Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS) consensus mechanism, indicates that the supply of ETH has turned into a deflationary asset with a decreased annualized percentage. Although the price of ETH remained almost unchanged after The Merge update, it can soar with the EIP-4844 update. The post The Merge Update Turns Ethereum into a Deflationary Asset appeared first on COINTURK NEWS.
