If there’s one event in the cryptoverse that has the potential to be more disruptive than the Bitcoin halving — that would be Ethereum’s move to Proof of stake (PoS) and as few hour ago, the Ethereum merge is live on the Mainnet.

the switch from proof-of-work to proof of stake is currently taking place on the mainnet. The network upgrade to proof of stake is triggered by a specific total difficulty threshold called Terminal Total Difficulty or TTD for short. Once this is reached, it triggers the execution layer from proof-of-work to proof-of-stake.

Block 15537394 has the required slot height and TTD, and has officially implemented The Merge.

Since the merge about few hour ago at the time of writing, Ethereum has become deflationary with over 197ETH burned and it is expected to continue to burn ETH as mining rewards are no longer needed.

This means that ETH is becoming more scarce, and technically more valuable.

According to ultrasound.money it is estimated that Ethereum will burn around 2 million ETH per year, or about 1.8% of the total supply. A 200 year projection shows that by 2073, ETH will have halved its supply to under 60 million.

This naturally brings scarcity to Ethereum which is expected to become a strong selling point. Without the need to reward miners, the block rewards are being burned instead. For instance, the block that propagated the Merge, Block 15537394, has burned 1.46 ETH.

As an additional benefit if you’re a gamer, you can now finally start planning your new PC build as the influx of miner GPUs flooding the market, will undoubtedly bring the price down.

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