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That money is not exactly wasted, it's gone to miners. And how does Ethereum "break" exactly? It was just bloated with many transactions, creating a bottleneck
by can16358p 5y ago
That money is not exactly wasted, it's gone to miners.
And how does Ethereum "break" exactly? It was just bloated with many transactions, creating a bottleneck, which is perfectly expected for a hyped project like this.
- rglullis 5y ago> it's gone to miners. No, the base fee is burned (i.e, removed from the available supply). Since Ethereum's EIP-1155 (which changed the rules for pricing and mining rewards, miners only get to keep a "tip") Anyway, I'd also say that they were not wasted. Worst case scenario, these gigantic token burns reduce the supply and make all the token holders a bit richer.
- can16358p 5y agoOops, missed that, right. Yeah, even though miners get only a part of the ether, it still valuates the currency when it's burned.