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transactions – Why do people burn Bitcoin or other cryptocurrencies?

Moussa by Moussa
February 3, 2024
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Burning is the process of destroying some of your tokens.

In the old days, this was done by sending them to an unexistend (or at least unclaimed, as far as known) address. Nowadays, some cryptocurrencies provide special ‘burn’ calls that can be used instead (and are easier for other parties to prove by that the tokens were burnt).

But wy do people burn their Bitcoin or other cryptocurrencies?



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