On August 31, COINOTAG reported that the Ethereum Community Foundation unveiled the tokenization of burned ETH into BETH, presenting an Ethereum Burn Proof Token that represents ETH verified as removed from circulation. Each BETH token denotes a burn event subjected to verification, establishing a clear, auditable burn record to strengthen on-chain accounting and provenance. The Foundation outlined verification and ledger-traceability mechanisms supporting the construct. Ethereum co‑founder and ConsenSys CEO Joseph Lubin retweeted the release, publicly expressing his high appreciation for the team’s work.
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