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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Sep 20, 2022
According to City Bank’s report, the transition volatility has remained subdued despite the high hopes after the Ethereum Merge was successful.
The merge involved the switch to a more energy-efficient proof-of-stake (PoS) consensus from a proof-of-work (PoW) process. Following the transition, rewards are now not given to the miners and the ETH issuance is estimated to plunge 90% to around 600,000.
ETH has become a yield-bearing asset after the removal of mining, with a current staking yield of 4.5%.
In the aftermath of the merge, the network activity has increased as ETH produces a yield for validators. However, the fees is still very low.