Developers introduce mechanism to tokenize burned ETH on Ethereum network
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Quick Take
- Developers introduced BETH, an ERC-20 token that represents verifiably burned ETH.
- Each BETH token corresponds 1:1 with ETH that has been permanently destroyed by sending it to an irretrievable address.
- Ethereum community members stressed that BETH is only a receipt for destroyed ETH and not a token with intrinsic value.
Ethereum community members stressed that BETH is only a receipt for destroyed ETH and not a token with intrinsic value.
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