COIN BURNING!!!!!!!!!!!!!

in #atcoin6 years ago

What Is Coin Burning?

Coin burning means destroying a certain amount of units of a specific dig imageital currency. The main purpose of the process is to support or raise the price of a cryptocurrency.

Coin burning can be carried out in several ways:
• Sending the coins to a particular address that no one has the private keys to (this is also often the case with users who make typos in receiver’s address);
• Liquidation of transaction fees, which also helps eliminate transaction spam;
• Miners can also remove coins by requesting not full but partial reward;
• Using special third-party software;
• Creating a hard fork that also helps create a new digital currency by taking a number of coins from an existing one and transferring them to a new one.

Sort:  

Congratulations @emmymor! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Vote

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 60907.24
ETH 3249.66
USDT 1.00
SBD 2.45