Blockchain Development Programming Tutorials, Guides & Best Practices
Explore 30+ expertly crafted blockchain development tutorials, components, and code examples. Stay productive and build faster with proven implementation strategies and design patterns from DeveloperBreeze.
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Understanding 0x000000000000000000000000000000000000dead Address and Token Burns in Ethereum
Token burns serve several key purposes in the cryptocurrency world:
The "0x000000000000000000000000000000000000dead" address is used as a burn address because it is widely recognized as a destination for token destruction. Since tokens sent to this address are permanently locked and cannot be retrieved, it’s an ideal address for conducting token burns. It is a well-established convention across many blockchain projects.