Cryptocurrency Q&A
What is the burn rate of ethereum after merge?
What is the burn rate of ethereum after merge?
BusanBeautyBloomingStar
Wed Nov 20 2024
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5 answers
1095
I'm curious about the burn rate of Ethereum after the merge. I want to know how many ethereum are being burned or removed from circulation after this significant event in the crypto world.
5 answers
CryptoElite
Thu Nov 21 2024
Prior to the merge, the average burn rate was significantly lower.
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Valentina
Thu Nov 21 2024
The Ethereum network has been operating under a proof-of-stake (PoS) model recently.
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Carolina
Thu Nov 21 2024
Since the merge, an average of 1.83 ETH has been burned per minute on the Ethereum network.
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Starlight
Thu Nov 21 2024
The burn mechanic was introduced as part of the EIP-1559 upgrade.
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CryptoEmpire
Thu Nov 21 2024
This upgrade was implemented in August 2021.
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