Study Highlights Bitcoin be dethroned by Ethereum as Best Crypto Store of Value

A recent study has highlighted the fact that, recent changes made to Ethereum monetary policy are making it a better option than Bitcoin as a store of value in crypto. The main cause for this is expected to be the EIP-1559 proposal causing deflationary effects.  The new changes are in the transactional protocol of the digital currency Ethereum, displaying a lower net issuance rate of tokens in comparison to Bitcoin. This is able to be achieved by destroying the fees that were associated with each transaction.  Burning Fees With the implementation of EIP-1559, a significant amount of Ethereum in fees could be burned on the network.  Within three months of implementation of EIP-1559 on mainnet, more than one million ETH was put out of circulation because of this change.     Witnessing the success and what Ethereum is able to achieve from the changes, various other cryptocurrency projects are adopting similar burning schemes, to achieve the same results. Binance coin has already started an update which also implements fee burning, to its network and many more crypto are expected to follow.       Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investment. Photo by – RODNAE on Pexels