Burning
| The process of burning cryptocurrency coins or tokens is a permanent way of taking them out of circulation. When a coin is burned, it is sent to a public address that is unspendable, meaning that the coins can never be used again. This is done to reduce the supply of a cryptocurrency, which in turn can increase its value. Burning is a voluntary process that is often done by the developers of a coin or token as a way to show their commitment to the project. |
Share this glosssary
