The Ethereum Community Foundation has introduced Burned ETH (BETH).

What is BETH?

BETH is a new ERC-20 token that formalizes proof of burn.

Each unit of BETH represents ETH that has been verifiably removed from circulation, creating a transparent, auditable record of destruction.

How will it work?

• First of all, we send ETH to the contract.

• That ETH is forwarded to a burn address.

• In return, the contract mints the same amount of BETH (1:1).

Send 1 ETH → burn it → receive 1 BETH.

Important to point out that Ethereum already burns ETH at the protocol level via EIP-1559, which permanently removes base fees from every transaction.

And BETH builds on this by giving the community a tokenized representation of burned ETH, turning an accounting mechanism into something concrete and transferable.

Why could this change things?

Because BETH turns proof of burn into:

• Foundation for new DeFi use cases.

• Potential tool for governance, incentive models, or financial products.

What’s your take on BETH, guys?

Source: https://ethcf.org/introducing-beth-eths-proof-of-burn-token/

This post was written by Everstake, a responsible staking provider trusted by 735K+ users across 70+ blockchain networks.