A lot of digital money called Ether was destroyed by sending it to a place where no one can use it. This happened because a big computer system named Ethereum changed its rules and started removing some of its own money when people make transactions with it. This makes the Ethereum money more scarce and possibly more valuable in the future. Read from source...
- The article title is misleading and sensationalized. It suggests that someone or some entity burned a large amount of Ether, implying a deliberate or malicious act, when in fact it was the natural result of the EIP-1159 upgrade.
- The article does not provide any context or background on what Ethereum is, how it works, or why the EIP-1159 upgrade is important. This makes it difficult for readers who are unfamiliar with the topic to understand the significance of the event.
- The article uses vague and confusing terms such as "unusable wallet" and "block space". It does not explain what they mean or how they relate to the burning process. A more precise and accurate term would be "destruction address" and "transaction capacity".
- The article does not mention the implications of Ether burning for the supply, demand, and price of Ethereum. It ignores the fact that by reducing the supply of Ether, EIP-1159 creates a deflationary mechanism that can increase the value of Ethereum over time, depending on the market conditions and user adoption.
- The article does not provide any sources or references for its claims or data. It does not cite any official Ethereum documents, research papers, or expert opinions to support its arguments or evidence its numbers. This raises questions about the credibility and reliability of the information presented in the article.