Source
r/CryptoCurrency•
AXTurbo

the real ETH deflation is possibly closer as many people would expect

hey guys! Please take a look at the screenshot below, made some minutes ago from watchtheburn.com - just one day after the EIP-1559 fork became activated, the first ETH blocks are here where almost more ETH got 'burned' instead of 'mined'! Yes I know, until now these blocks are rather 'cherry picking', but if this trend keeps going, the real ETH deflation is possibly closer as many of us would have expected. I hope you also can feel some similar confidence and positivity! ✌️

https://i.imgur.com/Inysz1a.jpg

Posted Aug 6, 2021, 6:52 PM UTC

29
wishingdrags •

I have no idea what this means tbh

2
KilzzoneXD Free Crypto for Scammers•

In the latest update they added "burning" so some eth is destroyed during the operation of the blockchain. When eth 2 launches fully with other updates its hoped to be deflationary, meaning there will be less eth in circulation than being generated basically. This will hopefully push the price up as it will be scarcer.

2
kushkloudzzGold | QC: CC 255•

Some blocks have already burned well over the block reward

2
TheTrueBlueTJDeveloper•

That's not really deflation yet. Just much less inflation.

2
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1
ActnaouGold | QC: CC 296•

I have a feeling that ETH hasn't event started pumping

1
[deleted]•

[removed]

1
AgitatedStation8001 •

Nope, block reward is 2 ETH.

2
[deleted]•

[removed]

1