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What is a Coin Burn, and how does Coin Burning work?

The term Coin Burn describes the permanent removal of coins from the circulating coin stock. Accordingly, this approach ensures a permanent reduction of the total supply on the market. Basically, Coin Burning is a procedure that is immanent in almost every cryptocurrency and is intended to counteract a decline in value.

An introduction to Coin Burn

Coinmonks is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project — , Email  —

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