London Hard Fork Expected to Boost ETH’s Price by Ushering in EIP-1559

The highly anticipated Ethereum (ETH) hard fork upgrade code-named London is scheduled on the ethereum network on Thursday, according to the countdown on Ethereum.org.  The primary improvement in this hard fork will be a change in how transaction fees work. But, unfortunately, it will also start to destroy coins to trim the pace at which the supply of Ether tokens grows. The upgrade EIP-1559 will ultimately affect how the network handles transaction fees. The move will make transaction fees more…

Token Burning: Reasons Why Burning Tokens Is Important

What is Token Burning? Token burning or coin burning is an intentional action taken by the coin’s creators to “burn,” i.e., remove from circulation a specific number from the total available tokens in existence. There are several reasons to burn tokens this way, but generally, the move is for deflationary purposes. What actually happens in a coin burn is that the tokens are algorithmically taken out of circulation by sending the outputs to a public address known as an ‘eater…