The Ethereum network has currently destroyed more than 2.5849 million ETH

[Ethereum Network has currently destroyed more than 2.5849 million ETH] Jinse Finance reported that according to Ultrasound data, up to now, the Ethereum network has destroyed a total of 2,584,945.22 ETH. Among them, ETHtransfers destroyed 238,536.21 ETH, OpenSea destroyed 230,049.97 ETH, and UniswapV2 destroyed 136,047.10 ETH. Note: Since EIP-1559 was introduced in the upgrade of Ethereum London, the Ethereum network will dynamically adjust the BaseFee of each transaction according to the transaction demand and block size, and this part of the fee will be directly burned and destroyed.

Other news:

Data: The upgrade of the Berlin hard fork of Ethereum has been completed: According to the OKLink browser data of OKLink, the upgrade of the Berlin hard fork of Ethereum has been completed, and the Geth node is currently running on the latest block. The OpenEthereum node has a consensus error at block height 12244294, which is currently being diagnosed by the core developers. [2021/4/15 20:24:20]

Ethereum core developer eric.eth considers creating an EIP to reduce block rewards from 2 ETH to 1 ETH: Ethereum core developer eric.eth said that in order to comply with Ethereum's commitment to the minimum necessary issuance, analysis has begun What we pay for security (consistent with the analysis of EIP-1234). eric.eth said it was considering creating an EIP that would reduce the block reward from 2 ETH to 1 ETH.

It is reported that eric.eth analyzed in EIP-1234 that block rewards and transaction fees paid to miners are to ensure the security of the network. Comparing the BTC and ETH networks, convert both block rewards and transaction fees to USD and compare across time. The two are so close that sometimes ETH actually pays miners more than BTC. Therefore, it is difficult to compare network security and financial costs from different blockchains. So use market capitalization as a metric to analyze whether the network is overpaying miners. ETH market cap gold is 34% of BTC market cap, so payouts to miners are excessive (ETH and BTC miners get similar rewards in USD, but ETH market cap is low) and justify reducing block rewards.

According to previous news today, miners put forward a proposal EIP-3368 for EIP-1559, intending to increase the current block reward from 2 ETH to 3 ETH. [2021/3/13 18:42:09]

Ethereum transactions surpass 1 million for first time since December 2017: Ethereum has added 200,000 transactions in a single day, rising above 1 million for the first time in months. Ethereum transaction levels have gradually increased from a bottom of around half a million to over one million now. As of now, the global average price of ETH is 818.28 US dollars, an increase of 5.95%. [2018/5/5]