The Ethereum Community Foundation (ECF) has implemented a new token, Beth, which serves as a verifiable record of Ether permanently eliminated from circulation.
The launch underlines the mission of the foundation to restore the Ethereum approach in ETH as a central asset. It also aims to strengthen Ethereum’s monetary design at a time when debates about scarcity remain without resolving
What is Beth Token?
Presented on August 28, the program operates through an intelligent contract that accepts ETH and forwards it to an unrecoverable burns address. Then emits an equal amount of Beth to the taxpayer.
The Foundation argued that the existing Ethereum system, introduced with EIP-1559, already eliminates a part of the rates with each transaction. However, these movements remain abstract.
Beth, on the contrary, offers tangible representation that can circulate in applications and protocols.
The ECF described the Token as a construction block for the burning test. It makes the mechanism be used in governance frames, incentive models and new forms of decentralized coordination.
“As Ethereum continues to evolve, Beth highlights the role of scarcity and destruction as equally powerful forces along with creation and broadcast,” said the Foundation.
The Ethereum Core developer and founder of ECF, Zak Cole, compared the design with the wrapped ether. He explained that like Weth standardizes ETH for smart contracts, Beth provides a clean layer to track burns.
He suggested that the token could allow mechanics such as vote based on burns and auctions where offers are called destruction instead of income.
It could also admit spaces of names that expire unless they are supported by continuous burning.
At the same time, Cole warned that users should treat Beth strictly as a receipt system, not as a new asset with intrinsic value.
Beth’s introduction occurs when Ethereum’s monetary policy continues to attract debate.
Since the London 2021 update, the network has burned approximately 4.6 million ETH while issuing more than 8 million new tokens during the same period.
This mismatch has led analysts to question whether Ethereum’s design can constantly enforce scarcity.
However, the co -founder of Ethereum, Joseph Lubin, expressed his confidence that the community will adopt the new model.
He said that developers are already exploring ways to build on Beth, which suggests that the burning test could evolve towards their own industries.
“Burning ETH will be very lucrative, since it will generate industries. And something very funny, since it will become a popular mechanic in web 3 games. This is a way in which people will be paid to play on web3,” he added.
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