#eip 1559

Etherscan logs are the first place to look when a transaction fails. They tell you exactly what your smart contract did, where it stopped, and why it rejected your transaction. This guide covers the full process: reading Etherscan logs, decoding errors, understanding EIP-1559 gas fields, and using named tools to find root causes fast. Whether you are a DeFi user or a Web3 developer, the workflow…

Polygon is closing in on the launch of its 2.0 version with the deployment of POL contracts on the Goerli testnet. This significant development is a result of community consultations and the introduction of two new Polygon Improvement Proposals (PIPs), PIP-24 and PIP-25. These PIPs aim to modify the EIP-1559 burn system and adjust the POL token supply. (Read More)

Over two years since Ethereum merged its proof-of-work layer with the proof-of-stake Beacon Chain via “The Merge,” the network has burned over half of all ETH issued. Ultra Sound Money data on August 7 shows that out of the over 6.5 million ETH published, the network has burned over 3.5 million ETH. At the current pace, Ethereum is torching around 1.75 million ETH annually, leading to a decrease…

The supply of the second-largest crypto asset Ethereum (ETH) is deflating, thanks to the success of a major upgrade known as EIP-1559. New numbers from Ultrasound.Money show 50,317 ETH worth $77.5 million has burned since the upgrade went into effect in August of last year. The overall supply of ETH began to reverse in January, and has remained locked in a steep dive ever since. Source:…

Ethereum Devs Delay Difficulty Bomb — ETH 2.0 Contract Surpasses 13 Million Ether Deposits

On June 30, Ethereum developers delayed the network’s difficulty bomb via the Gray Glacier update, which means The Merge won’t happen at least until September 2022. Meanwhile, there’s now more than 13 million ethereum locked into the Beacon Chain worth $15.8 billion using today’s prices. More Than 13 Million Ether Worth $15.8 Billion Deposited Into the Ethereum 2.0 Contract This week the ETH 2.0…

Ethereum sees first consecutive week of deflationary issuance

More than $65 million worth of ETH is currently being burnt daily by the Ethereum network.

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism

Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95…