Burn Address Development Tutorials, Guides & Insights
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Tutorial
Understanding 0x000000000000000000000000000000000000dead Address and Token Burns in Ethereum
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.
Token burns serve several key purposes in the cryptocurrency world:
Oct 24, 2024
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