Trang cập nhật mới nhất: 25 tháng 5, 2023
How The Merge impacted ETH supply
The Merge represented the Ethereum networks transition from proof-of-work to proof-of-stake which occurred in September 2022. The way ETH was issued underwent changes at time of that transition. Previously, new ETH was issued from two sources: the execution layer (i.e. Mainnet) and the consensus layer (i.e. Beacon Chain). Since The Merge, issuance on the execution layer is now zero. Let's break this down.
Components of ETH issuance
We can break the supply of ETH into two primary forces: issuance and burn.
The issuance of ETH is the process of creating ETH that did not previously exist. The burning of ETH is when existing ETH gets destroyed, removing it from circulation. The rate of issuance and burning gets calculated on several parameters, and the balance between them determines the resulting inflation/deflation rate of ether.