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Since its launch, ETH has made millionaires and billionaires в and broken cryptobase bitcoin a than a few hearts and wallets as well. What was once an inflationary cryptocurrency is now closer to a stable supply. When you pay ETH gas fees, the base fee is burned while the remaining fee the tip goes to network validators. Burning just means sending ETH click to see more an unrecoverable address on the cryptobase bitcoin a. Proof-of-stake creates new ETH as staking rewards, but burning sees roughly the same amount destroyed.

The result is a fairly stable or slightly deflationary supply в so far. No more Milk Road for you.