Cryptocurrency Q&A
Where does burned crypto go?
Where does burned crypto go?
DavidJohnson
Tue Dec 03 2024
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6
answers
1205
I'm wondering about the destination of burned crypto. When cryptocurrency is burned, where does it actually go? Is it completely destroyed or does it exist in some other form?
6 answers
ethan_thompson_psychologist
Wed Dec 04 2024
Every crypto wallet possesses a private key, which serves as the unlock for the tokens stored within.
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Maria
Wed Dec 04 2024
In contrast, burn addresses are designed without a private key.
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ethan_lewis_journalist
Wed Dec 04 2024
Crypto tokens that are burned are directed to a special location known as a 'burn address'.
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CryptoBaron
Wed Dec 04 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts.
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Enrico
Wed Dec 04 2024
This burn address functions as a wallet, capable of receiving coins but unable to send them out.
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