Vitalik redefines ETH: No longer relying solely on token burns to tell its story?
News facts
On November 8, Ethereum founder Vitalik Buterin shared his views on X:
He believes that instead of focusing ETH’s value primarily on transaction fee burns, more emphasis should be placed on ETH’s store-of-value properties, as well as Ethereum’s decentralization, security, and censorship resistance.
Note: He is not calling for the EIP-1559 burn mechanism to be scrapped. Rather, he believes that ETH’s value should not be explained by relying too heavily on token burns.
Another figure worth noting:
On November 9, Bitmine announced that it had acquired an additional 9,587 ETH last week. As of November 8, its holdings had reached 6.07 million ETH, approximately 4.97% of ETH’s total supply. These figures were disclosed by the company itself.
#ETH #BTC
News facts
On November 8, Ethereum founder Vitalik Buterin shared his views on X:
He believes that instead of focusing ETH’s value primarily on transaction fee burns, more emphasis should be placed on ETH’s store-of-value properties, as well as Ethereum’s decentralization, security, and censorship resistance.
Note: He is not calling for the EIP-1559 burn mechanism to be scrapped. Rather, he believes that ETH’s value should not be explained by relying too heavily on token burns.
Another figure worth noting:
On November 9, Bitmine announced that it had acquired an additional 9,587 ETH last week. As of November 8, its holdings had reached 6.07 million ETH, approximately 4.97% of ETH’s total supply. These figures were disclosed by the company itself.
#ETH #BTC