ruleset change

Ethereum Devs Successfully Complete Merge Shadow Fork With No ‘Client Incompatibility Issues’

September 10, 2022 Bitcoin.com

13th Shadow Fork

Next week or roughly around four days from now, The Merge is expected to be implemented and Ethereum will transition from proof-of-work (PoW) to proof-of-stake (PoS). According to Ethereum developers, prior to the Paris upgrade, programmers successfully completed the 13th and last shadow fork. Ethereum’s 13th and Last Shadow Fork Is Complete On Friday, social […]

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Ethereum Implements Bellatrix — Network’s Upcoming Paris Upgrade to Trigger The Merge, Validator Block Production

September 6, 2022 Bitcoin.com

Beacon Chain

The blockchain network Ethereum has officially activated the Bellatrix upgrade, the final change before The Merge, the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS). Bellatrix was successfully codified into the codebase at epoch 144,896 on the Beacon chain and Ethereum co-founder Vitalik Buterin detailed it was important for network participants to update their […]

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Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

May 21, 2022 Bitcoin.com

2.25 burned ethereum

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says […]

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$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months

March 21, 2022 Bitcoin.com

2 million burned

This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every 60 seconds. 2 Million Ethereum Burned, More […]

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Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

February 26, 2022 Bitcoin.com

1915220 burned

Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange […]

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Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed

December 28, 2021 Bitcoin.com

bitcoin.com

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth […]

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Ethereum Has Burned More Than a Million ETH Over the Last 3 Months

November 24, 2021 Bitcoin.com

bitcoin.com

111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion worth of ethereum using today’s exchange rates. […]

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Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days

October 31, 2021 Bitcoin.com

bitcoin.com

87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 […]

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Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

September 16, 2021 Bitcoin.com

300K burned

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of […]

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Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes

August 30, 2021 Bitcoin.com

5.90 ETH burned

Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, […]

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