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How eth burn works?

Answers (1)

Arsalan Afzal
Feb 22, 2022 06:24:31

Essentially, Ethereum burn works by destroying a tiny fraction of every Ether transaction. This helps to reduce the overall supply of Ether in circulation, and it's one of the ways that Ethereum manages its inflation rate. The amount of Ether burned during each transaction varies depending on the gas price that's set for the transaction. The higher the gas price, the more Ether will be burned. And, as Ethereum continues to grow in popularity, the demand for transactions will continue to increase, which will result in even more Ether being burned.

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