{"id":22535,"date":"2022-07-11T14:20:24","date_gmt":"2022-07-11T14:20:24","guid":{"rendered":"http:\/\/egrowonline.com\/?p=22535"},"modified":"2022-07-11T14:20:24","modified_gmt":"2022-07-11T14:20:24","slug":"pos-gives-ethereum-the-economic-structure-to-overtake-bitcoin-says-defi-researcher","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=22535","title":{"rendered":"PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher"},"content":{"rendered":"


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As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi)<\/a> researcher has argued that the platform can overtake Bitcoin’s (BTC<\/a>) throne as the top dog in crypto.\u00a0<\/p>\n

In a Twitter thread, researcher Vivek Raman highlighted<\/a> that the upcoming Ethereum Merge<\/a> could create a better economic structure for the smart contract platform. According to Raman, the shift into PoS lowers Ether (ETH<\/a>)\u00a0inflation, gives better security and positions the crypto as a digital bond. <\/p>\n

Raman said<\/a>\u00a0that after the Merge, ETH inflation will drop from 4.3% to 0.22%. The researcher explained that this gives the ecosystem a 95% reduction in issuance, limiting the number of ETH that can be sold in a day.\u00a0<\/p>\n

Additionally, the researcher also explained that the platform would be running on better security after the Merge. Citing<\/a> a post by Ethereum co-founder Vitalik Buterin, Raman highlighted that it would cost more to attack the network once it runs on PoS. <\/p>\n

Apart from these, Raman also believes that the Ethereum Merge will allow ETH to complement Bitcoin’s use cases as a store of value and a collateral asset. While BTC will function as digital gold, Raman argues that ETH will position itself as a digital bond and DeFi’s main asset used as collateral. <\/p>\n

Related: <\/em><\/strong>Ethereum Name Service registrations surge by 200% amid lower gas fees<\/em><\/strong><\/a><\/p>\n

Earlier in July, the average gas fees required to transact in the Ethereum network dropped to $1.57<\/a>, a number that was last seen back in 2020. The drop in gas fees follows the downward trend of nonfungible token (NFT) sales, with daily NFT purchases dropping to one-year lows<\/a>. <\/p>\n

While the network\u2019s gas fees are low, registrations for the Ethereum Name Service surged by 200%<\/a>. This happened earlier in July when the ENS Dashboard showed a leap from 11,042 registrations to 29,727. The hype is also attributed to the second-largest ENS sale, which happened on the same weekend as the surge in registrations. <\/p>\n<\/div>\n


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As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin’s (BTC) throne as the top dog in crypto.\u00a0 In a Twitter thread, researcher Vivek Raman highlighted that the upcoming Ethereum Merge could create a better economic structure for the smart contract platform. According to Raman, the […]<\/p>\n","protected":false},"author":1,"featured_media":22536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,172,3018,158,3665,4359,1530,1194],"class_list":["post-22535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-defi","tag-economic","tag-ethereum","tag-overtake","tag-pos","tag-researcher","tag-structure"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvOGM5M2UwMzItNjU4My00ODlhLWFlMjgtOTNjMmQxYTZiM2ZkLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22535"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22535\/revisions"}],"predecessor-version":[{"id":22537,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22535\/revisions\/22537"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/22536"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22535"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}