BETH is a token introduced by the Ethereum Community Foundation to serve as a permanent record of ETH burned. Its purpose is to provide a tangible receipt that enhances governance and application uses, distinct from Ethereum’s existing fee-burn system.
The introduction of BETH has reignited discussions about Ethereum’s monetary design and the effectiveness of its scarcity mechanisms. Ethereum co-founder Joseph Lubin supports this move, believing it will lead to new opportunities in Web3.
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