AzureWave
Wed Jul 10 2024
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7 answers
1554
What is burning crypto?
Could you elaborate on the concept of "burning crypto"? Is it a form of digital currency destruction? Does it involve the intentional reduction of a cryptocurrency's supply? If so, what are the potential motivations behind such an action? How does it affect the overall market value and liquidity of the cryptocurrency? Are there any specific technical processes or protocols involved in the burning process? And lastly, are there any risks or considerations investors should be aware of when dealing with cryptocurrencies that involve burning?
