$BTC The coin has been around for a long time. Currently, burns are being carried out across different platforms in the Shibarium system and in collaboration with community efforts. For example:
1. Recent developments in Shibarium: The Shibarium platform is working on a new automatic burn mechanism linked to activity on the network, so that coins are automatically burned based on the volume of transactions. This system aims to speed up the burn rate, but is still in the testing phase at the moment.
2. Manual and ongoing burns: There have been manual burns carried out by projects and companies within the community, including the burning of over $300 million SHIB
SHIB
0.00002824
+4.55%
recently via the Shibarium portal.
3. Burn statistics: To date, about 410 trillion of the original coin issued at the launch of the project have been burned. Most of this burn happened at the beginning of the project by Vitalik Buterin, and the rest through ongoing community efforts.
Overall, burning is not just a rumor, it is an ongoing effort but it needs a significant increase in volume to have a tangible impact on the value of the work
BTC
99,026.99
+1.06%
Bitcoin Where to Bitcoin to the top Huge cryptocurrencies
The currency for a long time. Currently, burning operations are being carried out across different platforms in the Shibarium system and in cooperation with community efforts. For example:
1. Recent developments in Shibarium: The Shibarium platform is working on a new automatic burning mechanism linked to activity on the network, so that coins are burned automatically based on
