The research emphasises EIP-1559’s value as a mechanism for making ETH a deflationary cryptocurrency and perhaps a superior store of value to Bitcoin University researchers in Australia have cast doubt on Bitcoin’s (BTC) reputation as the finest store of value, stating that Ether (ETH) is on its way to becoming “the world’s first deflationary currency.”Four Australian researchers released a paper on November 18 that explains how the Ethereum Improvement Proposal (EIP) 1559 update makes ETH a substantially better store of value. Ester Félez-Vias of the University of Technology Sydney, Sean Foley of Macquarie University, Jonathan Karlsen of the University of Western Australia, and Jiri Svec of the University of Sydney collaborated on the research.During the EIP-1559 upgrade in August, the network burn a percentage of transaction fees, and more than 1 million ETH was burned from the circulating supply of 118,583,580.According to the research, EIP-1559 has caused transaction fees amountin
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