The next Ethereum Gas halving is expected to take place in July 2024. The halving will result in a reduction in the supply of Gas coins, raising Gas fees while demand remains the same, thus promoting deflation and potentially accelerating the move to a PoS consensus mechanism. This will result in higher transaction costs, delayed transactions, and impact on price-sensitive applications while encouraging offline trading solutions.
Gas coin halving time
Gas coin halving refers to the time point when the block reward on the Ethereum network is halved. It has a significant impact on the Ethereum ecosystem as it affects gas fees and other transaction-related fees.
Next Halving Time: July 2024
According to the roadmap developed by Ethereum core developers, the next Gas coin halving is expected to occur around July 2024.
Impact of Halving
Gas coin halving will have the following effects on the Ethereum network:
Impact on users
The impact of Gas halving on Ethereum users may include:
The price of Gas (GAS) has continued to fluctuate recently and is currently trading at $3.32 with a 24-hour trading volume of $27 million. Over the past day, the value of GAS fell by 6.81%, reflecting the instability in the cryptocurrency market.
Despite the price drop, GAS still occupies an important position in the cryptocurrency space. As the native token of the NEO blockchain, it is the basis for blockchain smart contracts and application development. The circulating supply of GAS is approximately 65 million, the maximum supply is unknown, and the total supply is the same as the circulating supply, indicating that it has not yet been fully released.
Gas has a circulating market capitalization of approximately $216 million, ranking relatively high among all cryptocurrencies. Its price volatility may affect the health of the NEO ecosystem, as GAS is a necessary tool for using the platform’s applications and services. Investors and traders pay close attention to the price movement of GAS as its fluctuations can have an impact on the entire cryptocurrency market.
The above is the detailed content of When will gas coins be halved?. For more information, please follow other related articles on the PHP Chinese website!