The Ethereum Community Foundation (ECF) has rolled out a new token, BETH, which serves as a verifiable record of Ether permanently removed from circulation.

The launch underscores the foundation’s mission to restore Ethereum’s focus on ETH as a core asset. It also aims to strengthen Ethereum’s monetary design at a time when debates about scarcity remain unresolved

What is the BETH Token?

Unveiled on August 28, the program operates through a smart contract that accepts ETH and forwards it to an irretrievable burn address. It then issues an equal amount of BETH back to the contributor.

The foundation argued that Ethereum’s existing system, introduced with EIP-1559, already eliminates a portion of fees with every transaction. However, those removals remain largely abstract.

BETH, by contrast, offers a tangible representation that can circulate in applications and protocols.

The ECF described the token as a building block for proof-of-burn. It makes the mechanism usable in governance frameworks, incentive models, and new forms of decentralized coordination.

“As Ethereum continues to evolve, BETH highlights the role of scarcity