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

in #ethereum • 5 years ago

Ether burn.jpg

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.

Read more on BlockchainToday
49$ M in Ether Burned Just Two Days After EIP-1559 Launch

#ether #tokenburn
5 years ago in #ethereum by
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