Blockchain Development Programming Tutorials, Guides & Best Practices
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Understanding 0x000000000000000000000000000000000000dead Address and Token Burns in Ethereum
The Ethereum address "0x000000000000000000000000000000000000dead" is a special placeholder address, often referred to as a burn address. It is not used for transactions or wallet management, but for a specific function in the cryptocurrency ecosystem—burning tokens.
Burning tokens refers to the process of sending cryptocurrency tokens to an address from which they cannot be retrieved. Tokens sent to this address are effectively removed from circulation forever. The address ends with "dead," signaling its purpose of making tokens unreachable.