Another reason why I'm super Bullish on ETH 2.0 (When it Comes Out) Explaining to you like youre 5

**** Reposting because deleted for post limits **** (mods please help ya girl out)

Okay so the London event was a hit and I think you all know what it does.

ETH that used to get rewarded to miners for extra now gets burnt intsead.

This is great! Supply goes down, Demand goes up!

So when ETH 2.0 comes out (hopefully a year from now) we will switch from Proof of Work, to Proof of Stake.

The heck does that mean?

Okay so POW requires miners, while POS does not.

What is the Job of the miners?

Miners make money by validating transactions, maintaining security, and doing the mining itself.

Miners mine eth to sell it for a profit. After all, that electricity aint cheap! So everyday, miners are mining ethereum and then selling it on the open market almost immediatley.

Okay, so why is POS going to be so amazing?

Well, without the need for miners, new eth will be minted and rewarded via stakers. Ask yourself why people stake! Yep, you got it, they stake to make more ETH! DUHHHH

So the more people staking will make more eth in interest, and what do you think theyll do with their eth rewards?

STAKE IT!

So now, newly minted ETH that used to get dumped on the open market will now not be available.

DEMAND WILL SKYROCKET - SO WILL THE VALUE

This is why people are throwing around the word triple-halving.

Couple that with the fact that we are decoupling from BTC and now extra fees get burnt, I'm so excited.

Thanks for reading!