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Vaibhav Kalra
Ethereum Burn Tracker — Watch how Ethereum is burning every second
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Watch how Ethereum is getting burned each day with the EIP 1559 upgrade, Truly making ethereum ultrasound money.
Love the work done by the guys at ultrasound money.
Replies
Chase
On firefox, it never loads. I get a CORS error: `Cross-Origin Request Blocked: The Same Origin Policy disallows reading the remote resource at https://api.ultrasound.money/fee.... (Reason: CORS header ‘Access-Control-Allow-Origin’ missing).`
Alex Malytskyy
can you please provide some explanation for those ones who don't understand what's going on?;)
Vaibhav Kalra
Hunter
Hey man, yea it’s very cool what is happening with ethereum, in the last 15 hours of launch we have already burned 4200 ETH. Ethereum essentially has an issuance aka inflation rate of 4%, where 4% ethereum is added to supply each year. Essentially, To control high fees on ethereum the team decided to burn a portion of the fees miners used to make by setting up a base fee , that anything above the base fee will be burned. Which means the higher the transactional volume on ethereum , the more ethereum will be burned. Which in turn makes ethereum better than bitcoin in terms of store of value. The tracker I added , is something that shows how fast ethereum is getting burned