Cryptocurrency Q&A
What happens when a Coin is burnt?
What happens when a Coin is burnt?
Valeria
Sun Nov 17 2024
|
7 answers
1436
I'm curious about the process and consequences when a coin undergoes burning. Specifically, I want to know what happens to the coin itself, any potential chemical or physical changes, and if there are any broader implications or uses of this action.
7 answers
KatanaSwordsmanshipSkill
Tue Nov 19 2024
When a specific quantity of crypto tokens is burnt, it signifies their permanent withdrawal from use.
Was this helpful?
174
54
GeishaMelodious
Tue Nov 19 2024
Crypto tokens can be removed from circulation in a process known as burning.
Was this helpful?
304
48
Martino
Mon Nov 18 2024
As a result, the crypto tokens stored in the 'dead wallet' are effectively lost forever.
Was this helpful?
318
79
GeishaMelody
Mon Nov 18 2024
This action is executed by moving the tokens to a wallet designated as 'dead'.
Was this helpful?
221
40
Margherita
Mon Nov 18 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.
Was this helpful?
111
52
Load 5 more related questions
