After years of speculation, users will finally get a chance to witness Ethereum’s transition to Proof-of-Stake consensus mechanism. And, the benefits that come along with it.A new dawnresearcher Lucas Outumuro, selling pressure will be removed as $25m worth of ETH would be rewarded to miners for securing Ethereum.
Moreover, staking rewards as well as staked ETH continues to be locked following the Merge until the Shanghai Fork. This is also reflected in the current bear market when demand slows down and results in lower yields since transaction fees not burnt will go directly to those staking.Notably, Ethereum fees continue to remain at the bottom despite a price reversal run since last month.
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