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16min chapter
Why ETH is Permissionless Money | Mike Neuder
Bankless
Ethereum's Monetary Evolution
This chapter explores the historical changes in Ethereum's supply and monetary policies, including key events like EIP adjustments and the implementation of EIP 1559, which introduced token burning mechanisms. It compares Ethereum's inflation rates with those of other cryptocurrencies, highlighting its relatively low inflation and strong economic properties. Additionally, the chapter discusses the dynamics of ETH as a medium of exchange within the Ethereum ecosystem, its role in decentralized finance, and the implications of Layer 2 solutions on property rights and transaction efficiency.
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