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Ethereum Burns $32 Million in ETH Amid Record 24,192 TPS

The blockchain network recorded unprecedented transaction speeds while removing millions in ETH from circulation.

ETH

Summary

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Terms & Concepts
  • ETH Burn: The process of permanently removing Ethereum (ETH) from circulation by sending it to an unrecoverable address.
  • TPS (Transactions Per Second): A measure of how many transactions a blockchain network can process each second, indicating its scalability.