Surely you have heard about burning cryptocurrencies 🤔🤔
Burning is the destruction of part of the coin. Its importance revolves around limiting the supply of that currency and thus raising its price - as we know -. All of these burning operations are recorded on the blockchain as a transaction, but how does the process take place?
By sending the number to be burned ( on the platforms) to one of the burning or death wallets, the most famous one, the wallet (0x00000000000000000000000000000000000000dEaD).
Of course, it contains millions of dollars ...
The answer of the question that came to your mind👇👇
These addresses are designed to receive only and cannot be sent through them, and the possibility of being hacked is very, very small But it's still possible.
@Binance MENA
#BinanceMenaSquare