What is Coin Burning and how does it affect Cryptocurrencies?

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What is Coin Burning and how does it affect Cryptocurrencies?

about 2 months ago

Coin burning refers to permanently removing some tokens from circulation by transferring them into a wallet from which they can never be reclaimed. It's common to say that this eliminates tokens as the tokens can no longer be used because the wallet is not connected to the network. The address where the tokens are sent is also called burner addresses

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