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Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

Post author:MiamiCrypto
Post published:May 21, 2022
Post category:2.25 burned ethereum burned ethereum deflationary mechanism EIP-1559 ETH ether burned Ethereum London Upgrade PoS PoW Preston Van Loon Proof-of-Stake Proof-of-Work Ruleset ruleset change Scarcity Technology The Merge Tim Beiko transition Ultra Sound Money Vitalik Buterin

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the…