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City Bank’s Report Lays Out The Aftermath Of The ETH Merge

Written by: Qadir AK

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Qadir AK

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.

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Sep 20, 2022

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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. 

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