12,634 ETH Worth $43M Was Just Burned
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12,634 ETH worth $43M was burned from Ethereum transactions. This burning is a result of an upgrade to the Ethereum blockchain known as EIP-1159, which changed the fee model. The base fee is now burned, permanently removing it from circulation and potentially making ETH a deflationary currency. This could have significant implications for the supply and value of Ether.
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