What is Ethereum Triple Halving? How ETH Became Deflationary

If you’ve been around crypto for a while, you’ve probably heard of the Bitcoin halving, which is a highly anticipated event that happens every four years. But did you know about the Ethereum triple halving?

In this article, we’ll explain the Ethereum triple halving and how it can effect the prospects of ETH as a long-term investment.

Before we continue, we should make it clear that the name “Ethereum triple halving” is a bit deceiving—we’ll explain why in the next section of the article. Regardless, the name has been adopted by the crypto community, and the concept it describes is very important if you’re considering investing in ETH.

What is the Ethereum triple halving?

“Ethereum triple halving” is a term used to describe three factors that are providing deflationary pressure to the ETH supply. The term is inspired by the Bitcoin halving, which is a mechanism implemented in the Bitcoin protocol that cuts the issuance of new BTC coins by half roughly every four years.

However, it’s important to keep in mind that unlike the Bitcoin halving, the Ethereum triple halving is not an actual event built into the Ethereum protocol. Instead, it’s a term that the Ethereum community came up with to describe how new mechanisms implemented in the Ethereum protocol are helping reduce the supply of ETH.

The concept of the Ethereum triple halving consists of three main parts:

• Reduced ETH issuance under Proof-of-Stake consensus
• ETH burning via the EIP-1559 upgrade
• Ethereum staking lowers the amount of ETH that is effectively in circulation

Now, let’s explore how each of these factors is impacting the ETH supply and how they could help Ethereum recover from the crypto bear market.

Source