Coin burning: Explained: What is coin burning in the cryptocurrency universe?
The burning happens when the coins minted into the reserve are withdrawn, regulating the circulating supply and keeping the balance stable. Now, Buterin has also burned a further 410 trillion of his Shiba Inu tokens—worth around $6.5 billion at the time of writing—taking them out of circulation. The transaction, made on Sunday, can be viewed …
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