Ethereum

<p>Ethereum is distinguished by an operation of remarkable audacity in the crypto sphere: the burning of 12.7 billion dollars’ worth of ETH. This strategic move, far from being a mere supply reduction, reveals a profound vision and a commitment to the stability and longevity of the cryptocurrency.</p> 
<h2 id="h-ethereum-and-the-reduction-of-its-crypto-supply">Ethereum and the Reduction of Its Crypto Supply</h2> 
<p>The burning of ETH, implemented following <a href="https://www.cointribune.com/ethereum-decouvrez-pectra-la-mise-a-jour-qui-va-tout-changer/" target="_blank" rel="noreferrer noopener">a major upgrade</a> of Ethereum thousand days ago, involves the destruction of a portion of the transaction fees.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>This process no longer rewards the miners with these fees, but rather removes them from circulation, inducing a notable deflationary effect.</p> 
<p>To date, approximately 4.3 million ETH have been eliminated, marking a decisive shift in the platform’s monetary policy.</p> 
<p>This reduction in supply aims to increase the scarcity of the ETH crypto, which, theoretically, could support or increase its value in the market.</p> 
<p>Comparable to stock buybacks in the financial world, this strategy can promote an appreciation of the price, thereby offering investors an opportunity for gain, provided the demand remains stable or increases.</p> 
<p>The crypto market’s reaction to this massive burn has been predominantly positive, interpreted as a sign of maturity and responsibility on the part of Ethereum’s developers.</p> 
<p>By controlling inflation and reinforcing user trust, Ethereum solidifies its position as a leader among alternative cryptocurrencies.</p> 
<h2 id="h-economic-and-technical-implications">Economic and Technical Implications</h2> 
<p>Through <a href="https://t.co/dHrYGqvOay" target="_blank" rel="noreferrer noopener">this burn</a>, Ethereum also improves the security and stability of its network. This makes a majority control less attractive in a Proof of Stake framework. Thus, the ETH crypto becomes more resistant to manipulation attempts, ensuring greater reliability for large-scale transactions.</p> 
<p>The burning process also acts as a catalyst for innovation. By adjusting its economic structure, Ethereum encourages developers to design cost-optimized decentralized applications (dApps), promoting the emergence of new uses and functionalities within the ecosystem.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2"> 
 </div> 
</div> 
<p>In the long term, this strategy could redefine the economic landscape of cryptocurrencies. Ethereum positions itself as a technological platform and a strategic economic player, positively influencing its own economy and that of the sector more broadly. Meanwhile, <a href="https://www.cointribune.com/en/ethereum-the-rush-of-crypto-investors-continues-despite-the-price-drop/" target="_blank" rel="noreferrer noopener">the rush of investors continues.</a></p>

Crypto: Ethereum incinerates $12.7 billion in ETH

목차

Cointribune EN

2024년 5월 4일에 게재된 다른 기사

Major Bitcoin Statement About Berkshire Hathaway Made by Michael Saylor

Bitcoin (BTC) Triumphantly Returns to $60,000: Key Indicator Signals Potential Price Surge

Google moves offices from USA to countries with ties to the BRICS Bloc

Cryptocurrency investor loses $70 million in six hours: Address poisoning attack

Weak US Employment Data: What Does it Mean for Bitcoin (BTC) and Potential Interest Rate Cuts?

Harga XRP Bulan Ini: Naik Turun dan Prediksi Ke Depannya, Apa yang Harus Diwaspadai?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!