Vitalik Buterin puts store-of-value properties ahead of fee burning for $ETH, while retaining EIP-1559 and the burn mechanism.

Was burning canceled? No. The mechanism remains, but Buterin's priority shifts to the coin being a store of value.

And what changes for token holders? Attention may shift from the amount of fees burned to demand for $ETH itself, if the focus really does shift to the mainnet.

But how would this be implemented in practice? The notes don't explain the steps, so the implementation details remain unclear.

In summary: burning remains, but Buterin wants it measured by $ETH its value, not by the amount of fees burned.

Have you seen a project shift its focus from fees to value before, and how did it turn out? 👇

#ETH #Ethereum

The content is for informational purposes only and is not financial advice.

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