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Since the London Hardfork went live in August last year, the Ethereum network and its underlying token have been operating as a deflationary protocol. (Read More)
The Ethereum EIP-1559 has now burned 2 million ETH.
The post 2 million ETH tokens have been burnt as Merge draws nearer appeared first on CryptoSlate.
Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading.
The post Here is why Ethereum’s dominance in DeFi is falling appeared first on CryptoSlate.
With an annual return rate of 399.2%, Ethereum (ETH) has scaled the heights in 2021 thanks to increased adoption and notable upgrades like the London Hard Fork. (Read More)
Burnt Ether is edging closer to the 1.2 million ETH mark, given that it's burning at a rate of 6.29 ETH, approximately $24,361, per minute. (Read More)
Binance Smart Chain (BSC) has finally activated its BEP-95 upgrade which would lead to the phase out of the old manual burning method to an automatic burning mechanism.
The post BNB bulls rejoice as Binance Smart Chain activates automatic burning mechanism appeared first on CryptoSlate.
Since going live on August 5, the London Hard Fork or EIP 1559 upgrade sought to make the Ethereum network deflationary by injecting a scarcity parameter. (Read More)
Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark. (Read More)
Binance has pulled a new trick out of its bag as it plans to introduce a real-time burning mechanism, Binance Evolution Protocol, BEP-95, to its Binance Smart Chain (BSC) network.
The post Supply for Binance Coin set to decrease as BEP-95 seeks to burn BNB in ‘real time’ appeared first on CryptoSlate.
Burnt Ether stands at 608,567 ETH worth $2.089 billion since the London Hardfork or EIP 1559 upgrade went live on August 5. (Read More)
The London Hardfork or EIP 1559 upgrade that got activated in August seems to have boosted Ethereum’s performance in the last 30 days. (Read More)
After the London Hardfork or EIP 1559 upgrade went live on August 5, the first-ever deflationary block on the Ethereum network occurred because scarcity was introduced every time Ether was burnt after being used in transactions. (Read More)
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