The Ethereum ($ETH) network has transitioned from a Proof-of-Work into a Proof-of-Stake consensus algorithm one year ago, in a move that has helped the network’s circulating supply start dropping and significantly reduced its environmental impact. Ethereum transactions started burning ETH after the London hard fork, which included the implementation of Ethereum Improvement Proposal (EIP) 1559. The […]
Ethereum Marks One Year of PoS Transition: $1.5 Billion ETH Burned and Other Key Changes
September 16, 2023
Crypto Globe