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BURN (BURN) News



Ethereum 2.0 burn

49$ M in Ether Burned Just Two Days After EIP-1559 Launch

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On August 5, Ethereum London hard fork was launched, changing the way miners get rewards. The network's new fee-burning mechanism, called Ethereum Improvement Proposal (EIP-1559) has removed around $49 M in Ether from circulation. EIP 1559 came to replace Ethereum's previous fee-calculation...