BNB destroyed 153700 pieces in real time, with a value of about US $57340500
According to reports, BurnBNB tweeted that BNB destroyed 153700 pieces in real time, with a value of about $57340500. It is reported that BNB’s real-time destruction mechanism was proposed by BEP95, which is similar to the current EIP-1559 destruction mechanism of Ethereum.
Interpretation of this information:
The message being conveyed is that BurnBNB has tweeted about the real-time destruction of Binance Coin (BNB). It is mentioned that a total of 153700 BNB coins have been destroyed, with an estimated value of around $57,340,500. The mechanism for real-time destruction of BNB is reported to have been suggested by BEP95, which is similar to the Ethereum Improvement Proposal (EIP) 1559 that is currently in place.
Binance Coin (BNB) is a cryptocurrency that is used on the Binance platform. It is used for trading fees, transaction fees, and buying/selling other cryptocurrencies on Binance. The real-time destruction mechanism of BNB refers to the continuous reduction of BNB supply by taking it out of circulation. The purpose of this mechanism is to increase the value of BNB by limiting the total supply.
According to BurnBNB’s tweet, the real-time destruction of BNB has been implemented successfully, and a total of 153700 BNB coins have been destroyed so far. This has resulted in the reduction of the total supply of BNB, which should increase its value over time. The estimated value of the destroyed BNB is around $57,340,500, which is a significant amount.
The mechanism for real-time destruction of BNB was proposed by BEP95, which stands for Binance Chain Token Burn, and it is similar to EIP-1559 mechanism of Ethereum. The EIP-1559 is a change to Ethereum’s economic model, and it aims to make transaction fees more predictable and reduce the volatility of gas prices on the Ethereum network. It does this by burning a portion of the fees paid in Ether for each transaction.
In summary, BurnBNB tweeted about the real-time destruction of Binance Coin (BNB) and reported that a total of 153700 BNB coins have been destroyed, with an estimated value of around $57,340,500. The real-time destruction mechanism of BNB was proposed by BEP95 and is similar to the EIP-1559 mechanism of Ethereum. The three keywords that summarize this content are Binance Coin (BNB), real-time destruction, and Ethereum Improvement Proposal (EIP) 1559.
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