At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
Token Burning
What is Token Burning?
Token burning is the process of permanently removing tokens from circulation. This can be done by sending tokens to an address that is not controlled by anyone and has no private key, effectively "burning" them and making them inaccessible. There are a few reasons why a company or project might choose to burn tokens: To reduce the overall supply of tokens: By burning tokens, the company can decrease the total supply of tokens in circulation, potentially increasing the value of…
Block Education
@BlockEducation
3 weeks ago 113 views