Binance Square

QuemaD

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Dec 23, 2024
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For those who still don't know what cryptocurrency burning isFor those who still don't know what they mean when they talk about burning cryptocurrencies A cryptocurrency burn is like someone taking a portion of existing coins and sending them somewhere where they can no longer be recovered. Basically, these coins are removed from circulation forever.$XRP This is done by sending them to a special address (an inaccessible “wallet”) that has no private keys, so no one can ever use them.

For those who still don't know what cryptocurrency burning is

For those who still don't know what they mean when they talk about burning cryptocurrencies
A cryptocurrency burn is like someone taking a portion of existing coins and sending them somewhere where they can no longer be recovered. Basically, these coins are removed from circulation forever.$XRP
This is done by sending them to a special address (an inaccessible “wallet”) that has no private keys, so no one can ever use them.
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