TON Foundation Proposes Burn Mechanism to Reduce Transaction Fees on TON Network
06/01 15:35
The TON Foundation has suggested a burn mechanism to eliminate 50% of transaction fees on the TON network, similar to Ethereum's EIP-1559 upgrade. However, the impact on TON's inflation will be smaller due to the network's staking rewards outweighing transaction fees. The deflationary effect may seem small initially, estimated at around 350-400 Toncoin daily, but it has the potential to increase significantly as the network volume grows. The proposal has been submitted to TON validators for approval, and discussions are ongoing.
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