Etherchain, an Ethereum on-chain tracking tool, indicates that the leading smart contract platform has burned thousands of ETH just three days after implementing a crucial update.
On August 5th, Ethereum officially launched the London hard fork, which consists of several Ethereum improvement proposals, including EIP-1559. The update introduces a fee-burning mechanism to the Ethereum network that permanently removes a certain amount of ETH from the circulating supply each time a…
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