The Ethereum Community Foundation announced that it will tokenize burned ETH into BETH to provide a new proof-of-burn mechanism.
On August 31st, the Ethereum Community Fund announced that the already destroyed ETH tokens have been tokenized into BETH, providing a new proof-of-burn token for Ethereum. Each BETH token represents ETH that has been verified to be removed from circulation, to establish a transparent and auditable record of destruction. Ethereum co-founder and Consensys CEO Joseph Lubin retweeted, expressing high appreciation for the team's work.
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