Asslamo-alikum to all of my friends of Steem Alliance Community.Is everything is ok? my friends.Goof afternoon and mine all friends, I'm fine and I'm hoping and praying for mine friends as they are fine.I'm here for posting in this community, and the topic of today's post is the coin burning in cryptocurrency.Many users listen about that, and for that I'm going to explain it with easy and simple method.

Definition:- The process in which the coins of cryptocurrency has been removed from circle in which they can transfer, from one wallet to another wallet, is known as coin burning in cryptocurrency. After sending the crypto coins into specific burning wallet, then anyone can not use this coin for transferring.Coin burning has been used to control the supply of the crypto tokens.For controlling the supply of any crypto coins, they used the coin burning process because form maintaining the price of crypto coins, the supply has to limited and this can be control with the help of coin burning process.

Explanation:- Coin Burning is the burn mean removing the coins from the market and it also can't use in the blockchain, these coin has been permanently removed.The process in which the coin has been transferred to a specific wallet and the coin cannot be used for transferring like other token can be transfer from one wallet to another wallet and these coin cannot be trade so these are the coin burning coins.This process is done to reduce the supply of coins. By reducing the supply, the value of these coins increases which is very important.The coins that are transferred to a specific wallet cannot be used because they burned.

Similarly, this steem coin is also a crypto coin and we use tag burnsteem25 for coin burning in steemit and transfer 25 percent to Null Account.We did the process to control the supply of steem coins and after controlling the supply, the price of steem has been increased.It has been used in the blockchain process to increase the market value of coins.Most of the investors in cryptocurrency, buy the coins in high supply and store them in back stock, After that for increasing the price, they burned the store coins and increase the value of coins.Coin burning process is a beneficiary process and I'm going to explain the advantages of this process:

Coin burning means the removing of coin from the circulation, which means removing the some part of investment.It means it's beneficiary, that's why the investors are doing this process, Below are the advantages:

Value Increasing:- Coin burning process, is the value increase process, because when any coin has been burned, the remaining coins came in the strong position and their value has been increase and that's it's first advantage.

Increase Demand:- After coin burning, the supply has been control and it remains limited, because the extra value has been burned, so the remaining coins has been very demanded and that's the second advantage of coin burning.

Build Strong Trust:- Coin burning process make the strong trust for investors and stake holders , because the coins who has been burned is the real coins and they will bright in future and that's another advantage.

Governance And Decentralizing Coin burning in the blockchain can be used as the governance, so it can control the whole project and it can use the decentralized structure which is very good for crypto project and it's also very beneficial for all of holders.

Conclusion So friends, that's all about coin burning in cryptocurrency.It is the process of removing the crypto coins from the circle and transfer them to the wallet, where they can't be use.It provide many advantages to the stake holders that i have shared.Hope this post will be very beneficial regarding coin burning.