Dencun hard fork may affect Ethereum emission
According to CoinShares researcher Luke Nolan, the upcoming Dencun update on the Ethereum network could affect the supply of ETH. He explained that the hard fork will allow second-level (L2) network transactions to be sent via blobspace, an alternative to the current calldata mechanism. This may lead to a reduction in gas consumption and, accordingly, a reduction in the amount of ETH burned. Currently, all coins used to pay for gas for transactions are burned.
The Block material
Burning is the process of removing a certain number of tokens from circulation, after which they become permanently unavailable. It is carried out with the aim of increasing the exchange rate of an asset or preventing its inflation. It can be done by sending tokens to a wallet without a private key, conducting a hard fork, using special software or, as in the case of Ethereum, algorithms that eliminate transaction fees.
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