Blockchain Development Programming Tutorials, Guides & Best Practices

node etherscanBalance.js

If everything is set up correctly, you’ll see an output like this:

Run the following command in your project folder to install it:

npm install ethers

Token burns are typically done to increase scarcity, and scarcity can lead to a higher token value if demand remains the same or increases. The basic principle of supply and demand comes into play: when the supply of an asset is reduced, it becomes more valuable (assuming demand holds steady).

Many projects use token burns strategically, announcing burn events in advance to generate interest in the project and potentially boost the value of the remaining tokens.

     mkdir my-token
     cd my-token

• Initialize a new Hardhat project:

• Optimization: Uniswap V2 introduced several optimizations, including reducing the number of state changes in core functions and using assembly code for certain operations.
• Impact: These optimizations led to significant gas savings, making Uniswap more cost-effective for users.

2. Gnosis Safe