Cryptocurrency Q&A
What is the difference between minted and burned ETH?
What is the difference between minted and burned ETH?
JejuSunshineSoulMateWarmth
Thu Dec 26 2024
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7 answers
1961
I would like to understand the distinction between minted and burned ETH. Specifically, how do these two processes differ in terms of their impact on the Ethereum network and the overall supply of ETH?
7 answers
Lorenzo
Sat Dec 28 2024
By burning tokens, the overall scarcity of the token increases.
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Federico
Sat Dec 28 2024
On the contrary, minting is the opposite of burning.
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henry_rose_scientist
Sat Dec 28 2024
Minting refers to the creation of new tokens.
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Enrico
Sat Dec 28 2024
Burning is a process that involves the removal of tokens from circulation.
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Filippo
Sat Dec 28 2024
This action leads to a decrease in the total supply of tokens available.
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