Tag: crypto gets burned

Why Does Ethereum Burn Coins

Since its inception in 2015, Ethereum has been burning coins. The burning process, which happens sporadically, is designed to curb inflation and protect the value of the Ether currency. The first Ethereum coin burning happened in September 2016, when 5.5 million coins were destroyed. The process was repeated in June 2017, when another 1.9 million […]