The Role of Crypto Burning in Decentralized Finance (DeFi)

crypto burning

The process of burning crypto is not difficult to understand. It is similar to the buyback of shares in a traditional stock market. However, we must understand certain fundamentals to completely comprehend the concept of crypto burn in depth.

So, let’s look at the basics of burning crypto and why it is done.

What is crypto burning?

Crypto burning is the process of permanently sending a particular crypto coin into a burn wallet or eater wallet.

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