Cryptocurrency Q&A
How does ETH burn coins?
How does ETH burn coins?
IncheonBeauty
Sun Dec 29 2024
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7 answers
1885
I want to understand the process of how Ethereum burns coins. I'm curious about the mechanism behind it and how it affects the overall supply of Ether in the market.
7 answers
SoulStorm
Tue Dec 31 2024
The base fee, once calculated, is directed to a specified address.
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Andrea
Tue Dec 31 2024
This address serves as a point of no return for the base fee.
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noah_harrison_philosopher
Tue Dec 31 2024
The irretrievable nature of the base fee plays a crucial role in the Ethereum ecosystem.
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KDramaLegendaryStarlightFestival
Mon Dec 30 2024
By sending the base fee to this designated address, the total supply of ETH is reduced.
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Silvia
Mon Dec 30 2024
This reduction occurs through the destruction, or burning, of part of the transaction fees.
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