The economic incentives related to network security are influenced by these reduced fees. In contrast, Bitcoin’s hash power output has remained at 100 exahash per second (EH/s) ever since its most recent halving event, as a result of the declining hash prices. This underscores the intricate equilibrium between guaranteeing affordability for users with adoption objectives and offering sufficient compensation for validators, all the while enhancing Ethereum’s monetary policy and transaction cost framework.
