GyeongjuGlory
Mon Nov 11 2024
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7 answers
1734
Does ETH get burned for gas?
I'm wondering if Ethereum, or ETH, gets burned or destroyed when it's used to pay for gas fees on the Ethereum network. In other words, does the amount of ETH in circulation decrease when it's utilized for transaction costs?
CryptoConqueror
Sun Aug 04 2024
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5 answers
1411
Does AVAX get burned?
Could you please clarify what you mean by "AVAX get burned"? Are you referring to the process of reducing the total supply of AVAX tokens through a mechanism similar to Ethereum's EIP-1559, where a portion of transaction fees are burned instead of being given to miners? Or is there another specific context or mechanism you have in mind? If AVAX does have a similar burn mechanism, it would likely be outlined in the project's documentation or whitepaper, so I recommend checking those resources for more information.
