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Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

Post author:MiamiCrypto
Post published:September 16, 2021
Post category:300K burned Blockchain Burn Rate deflationary EIP-1559 ETH ETH fees ETH Markets ETH Transfers Ether Ethereum Ethereum (ETH)Fee Burn Fees Fees Spike Hard Fork London London fork London Upgrade OpenSea ruleset change Stablecoins Technology Tether Uniswap USDC USDT

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681…

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

Post author:MiamiCrypto
Post published:August 30, 2021
Post category:5.90 ETH burned Blockchain Burn Rate deflationary EIP-1559 ETH ETH fees ETH Markets Ether Ethereum Fee Burn Fees Fees Spike Hard Fork London London fork London Upgrade ruleset change

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…