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Ethereum developers invented Ethereum token standards to help users create new digital currencies more efficiently, faster, and cheaper. How Ethereum works @jake_ofalltrades13

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The next big catalyst for the price of ETH is likely to the upcoming ETH 2.0 upgrade, which will also move the Ethereum network from the current, proof-of-work consensus mechanism to proof-of-stake. Meanwhile, Ethereum Classic is likely to remain on the proof-of-work model. Ethereum (ETH) Burn Reaches Levels That Might Start Affecting Price One of the catalysts for the price of ETH in 2021 was the London Hard Fork, or Ethereum Improvement Proposal 1559 (EIP-1559), which introduced a burning mechanism for a portion of all transaction fees on the network. This resulted, theoretically, in a deflationary element being added to ETH’s supply. By the end of Q1 2022, more than 2 million ETH had been burned after this update, valued at over $6 billion.