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Update index.md based on suggestions on the PR
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m-zaink authored Mar 1, 2022
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Expand Up @@ -41,9 +41,7 @@ As well as creating ether through block rewards, ether can get destroyed by a pr

Ether burn occurs in every transaction on Ethereum. When users pay for their transactions, their base gas fee gets destroyed by the protocol. Depending on network demand, [some blocks](https://etherscan.io/block/12965263) burn more ether than they mint.

> Ether burn is essentially a mechanism to control the supply & demand dynamics.
>
> By burning a certain amount of ether in every transaction, total amount of ether in circulation is controlled, thereby hedging it against such devils as inflation.
> Ether is burned to prevent inflation by reducing its overall supply.
## Denominations of ether {#denominations}

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