$Ethereum (ETH.CC)$ Incredible, the Ethereum network is prac...
$Ethereum (ETH.CC)$Incredible, the Ethereum network is practically burning money. Over $27,000,000 worth of Ethereum has already been burned since EIP 1559. This is a good thing though.
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Payro Baebee
OPAndyConda
:
Ethereum has no cap unlike Bitcoin that is limited in quantity. "Burning" Ethereum creates scarcity/deflation from removing ETH tokens in circulation thus allowing the crypto to have a higher value.
yklw2303 : Why is it good?
AndyConda yklw2303 : Demand & supply.
Payro Baebee OP AndyConda : Ethereum has no cap unlike Bitcoin that is limited in quantity. "Burning" Ethereum creates scarcity/deflation from removing ETH tokens in circulation thus allowing the crypto to have a higher value.