Burned Tokens
By CoinGecko | Updated on Jul 28, 2020
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable. Example burn addresses include 1BitcoinEaterAddressDontSendf59kuE on Bitcoin or 0x0000000000000000000000000000000000000000 on Ethereum.
Related Terms
Pump and Dump Scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
Hard cap
The maximum amount that an ICO will be raising.
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
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