Tool | Believe in Ethereum's deflationary trend must-visit website: ultrasound.money, let's become a Bat of Ultrasound together?
Ethereum enters a new era as the London upgrade was successfully completed on the evening of the 5th. With the implementation of EIP-1559, changing the network fee structure and introducing a token burning mechanism, many expect the circulating supply of Ether to decrease, leading to a price increase. "Currency contraction" has become a hot topic in the Ethereum community recently, and there are now dedicated websites compiling data on Ether contraction.
September 2022 Ethereum post-merge update: A must-have tool for ultra sound money
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Ethereum Believers in Deflation Must Follow: ultrasound.money
ultrasound.money is an Ethereum meme dedicated to discussing the potential deflation of ETH. The website states: "If a limited amount of gold is Sound, then reducing the supply of ETH is ultra sound."
They believe that the supply of ETH will decrease as Proof of Work (PoW) ends, as token issuance will be solely through Proof of Stake (PoS), with PoW expected to end in the first quarter of 2022.
The website provides relevant data:
ETH Burn Statistics
You can see real-time on-chain burn status here, and the burn ranking can also indicate which protocol has a higher Gas Fee usage.
Estimated ETH Circulation
You can customize parameters such as PoS staking amount, average Gas Price, and estimated time of PoW removal to predict the potential supply of ETH.
Origin of the ultrasound Meme?
Ethereum founder Vitalik explained in a interview that after Ethereum transitions to PoS, there may be negative growth in circulation, jokingly saying: if zero growth is called sound money, then what should we call a currency with negative growth? supersonic money? A pun: because "sound" has two meanings, healthy/sound.
Later, this joke was extended, leading to the creation of ultrasound money meme. The ultrasound.money website also provides emoji usage for the meme: π¦π
if capped-supply BTC is sound money π’
decreasing-supply ETH is ultrasound money π¦ pic.twitter.com/Y9N8HBmHBr
β Justin Γrake π¦π (@drakefjustin) September 10, 2020