eth burn
The term **'ETH burn'** refers to the process of permanently removing a portion of Ether (ETH), the native cryptocurrency of the Ethereum network, from circulation. This is typically done by sending ETH to an unusable “burn” address, making it irretrievable.
In Ethereum’s context, especially since the **EIP-1559** upgrade, a part of the transaction fee (called the base fee) is automatically burned with every transaction. This mechanism helps reduce ETH’s total supply over time and can exert deflationary pressure on the currency, depending on network activity and issuance rates.
In Ethereum’s context, especially since the **EIP-1559** upgrade, a part of the transaction fee (called the base fee) is automatically burned with every transaction. This mechanism helps reduce ETH’s total supply over time and can exert deflationary pressure on the currency, depending on network activity and issuance rates.
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Ethereum Sets Record at 24,192 Transactions Per Second with Lighter Protocol
Ethereum Sets Record at 24,192 Transactions Per Second with Lighter Protocol Ethereum has reached a new all-time performance record, processing 24,192 transactions per second — a milestone made possible by the integration of the Lighter protocol, which dramatically enhances network scalability...- Coinbotlab
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- blockchain scalability dencun upgrade eth burn ethereum lighter protocol tps record zk proofs
- Category: Finance — Crypto, Investments & Digital Economy