Token Burn
By CoinGecko | Updated on Mar 03, 2020
Fret not, there are no virtual fires here. A token burn event refers when an amount of tokens are removed from the circulating supply, this is done either by sending the tokens to a burn address "addresses with very improbable private key generation chance", or to a smart contract that is meant to delete the tokens.
Related Terms
STO
Security Token Offering (STO) refers to a public offering for tokenized digital securities, or in short security tokens traded in cryptocurrency exchanges.
Consensus
Consensus is achieved in a blockchain system when all participants agree on the content of the next block that will be added onto the blockchain.
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
Solo Staker
A Qtum PoS miner using their own coins for staking. Qtum blockchain launched with Solo Stakers and will continue to have this available after offline staking launches.
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