LucyStone
Thu Aug 29 2024
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5 answers
1031
Is cryptocurrency burning a permanent process?
Can you clarify for me if the burning of cryptocurrency is indeed a permanent process? I understand that some cryptocurrencies have implemented a burning mechanism as a means of reducing the total supply over time, but is this reduction truly irreversible? Is there any potential for the burned coins to be restored or reintroduced into circulation in the future? I'm curious about the implications of this process on the overall stability and scarcity of the cryptocurrency in question.
