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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.

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Related Terms

Shitcoin
A coin with no obvious potential value or usage.
Nonce
It means ‘umber that only used once’ (a number that is only used once) and it is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Satoshi Nakamoto
The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.
REKT
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
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