Monday, 30 August 2021

Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes

Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, and at the time of writing, 136,606 ether has been burned. Over $432 Million in Ethereum Burned The Ethereum (ETH) blockchain is the second most valuable crypto market in terms of market valuation. Out of…

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