Ether’s inflation rate also depends on a separate mechanism known as the Ethereum Improvement Proposal (EIP)-1559, where fees paid for transactions on the network are “burned,” or eliminated from circulation. The EIP-1559 is tied to the amount of ether burned with network usage: The more transactions on the blockchain, the more ETH is burnt.
Related posts
-
Spot Bitcoin ETFs Add $105M as Ether ETFs Pull in $43M on Busy Trading Day
U.S. spot bitcoin ETFs enjoyed another day of inflows, bringing in $105.84 million, while spot ether... -
Bitcoin Price (BTC) Rose 1.9% While Ether Price (ETH) Gained 2.0%
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin ETFs record nearly $500m inflows over five days, Ether ETFs continue positive streak
Spot Bitcoin ETFs in the U.S. marked their fifth straight day of net inflows, with spot...