What Does Ethereum Burning Mean The Ethereum network goes through a process called “burning” where a small amount of Ether is permanently destroyed. This is done to reduce the total number of Ether in circulation and increase its value. The burning process is carried out by sending Ether to a special address that can only […]
What Is Burning Ethereum
What Is Burning Ethereum? Burning Ethereum is the process of destroying ETH tokens in order to reduce the total supply of the cryptocurrency. This is usually done by sending ETH tokens to a special address which can only be used to burn tokens. The reason for burning Ethereum tokens is to reduce the overall supply […]
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