The Future of Ethereum According to Citigroup
Banking giant Citigroup has explained what will happen to Ethereum after the Merge upgrade scheduled for September 19th.
On this day, the Ethereum Mainnet will merge with the Beacon Chain PoS network. This will push the cryptocurrency towards becoming an “institutional-grade global asset.”
After starting the update:
- the energy intensity of mining will decrease by 99.95%;
- ETH will turn into a deflationary asset;
- scaling opportunities will increase due to sharding.
The total emission of the token may decrease by 4.2% per year. Also due to the deflationary nature of the cryptocurrency will be a good choice as a store of value.
According to Citi forecasts, after the Merge upgrade, Ethereum will not be the network with the highest throughput. The time for adding blocks will be reduced by only 1 second (from 13 to 12 seconds). However, this will provide an opportunity to reduce commissions.
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