The Ethereum ecosystem has witnessed a surprising development with the introduction of a new token called BETH (Burned ETH Token). This token, which was recently launched by the Ethereum Community Foundation, is an attempt to reshape how Ethereum’s burn mechanics are understood and applied. 

Instead of the invisible process of ETH being destroyed under EIP-1559, BETH was created to give the act of burning Ethereum a tangible and trackable form.

BETH Makes Burned ETH Visible

Under existing Ethereum mechanics, notably EIP‑1559, portions of ETH, such as transaction fees, are destroyed without leaving a trace, serving only to emphasize scarcity. However, ECF’s new BETH changes that. According to the ECF website, BETH is designed to capture and formalize the concept of proof of burn.

When users send ETH to the designated contract, it forwards the funds to an irretrievable burn address and also mints an equivalent amount of BETH on a 1:1 basis. The result is that each BETH token functions as a transparent, audit-ready receipt for ETH that has truly been removed from circulation. This means that the more BETH tokens created, the more the number of ETH that have been permanently removed from circulation.

Taking to the social media platform X, ECF founder Zak Cole likens BETH to WETH: “BETH

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Author: Scott Matherson