Fans of Ethereum are jumping on the anti-inflation narrative that has been traditionally been one of the main selling points for Bitcoiners.Ether, as the native digital currency of the Ethereum blockchain is known, saw the difference between the number of tokens issued and destroyed turn negative in the last seven days on aggregate for the first time, according to blockchain tracking site watchtheburn.com. The shift comes as Ether outperforms Bitcoin in price appreciation terms this year, even as both cryptocurrencies climb to record highs.The week-long bout of negative issuance has prompted crypto enthusiasts on Twitter to proclaim that Ether is deflationary, and now a possible hedge against the looming inflation that they’ve long warned is coming in the mainstream financial system. Bitcoin has been marketed that way since its inception because it has a hard supply cap of 21 million coins that won’t be reached until around the year 2140. Ether doesn’t have an explicit limit on supply.
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