What is a burn address?

A burn address is a special cryptocurrency address where tokens or coins are sent to be permanently removed from circulation, reducing the total supply of the asset.

Why would a project use a burn address?

Projects use burn addresses to reduce the supply of their tokens, which can create scarcity and potentially increase the value of the remaining tokens. Burn addresses are also used in some deflationary models to manage inflation.

Can burned tokens be recovered?

No, once tokens are sent to a burn address, they are permanently removed from circulation and cannot be recovered.

Current Article

0%

Complete

All Articles

0%

Complete

Cryptocurrency

What is BURN ADDRESS?

BYZANTINE FAULT TOLERANCE

Byzantine fault tolerance is the ability of a distributed network to reach consensus even when some nodes fail or act maliciously.

TradeReply is an advanced analytics suite for stock and crypto traders to model trades before execution and analyze past performance—featuring flexible dashboards, visualizations, and real-time metrics, plus a built-in marketplace and social community.

Current Article

0%

Complete

All Articles

0%

Complete

What is BURN ADDRESS?

BYZANTINE FAULT TOLERANCE

Company

Partners

Community