Token Burning: Securing cryptocurrencies

By Punith Nandiraj on The CapitalToken burning relates to the continued elimination from the distribution of existing cryptocurrency coins. Token burning is a deliberate action taken by the makers of the coin to “burn” a certain amount of the total available tokens in existence or eliminate them from circulation.Larger Blockchains like Bitcoin and Ethereum usually don’t use this mechanism, as burning is often done by altcoins and smaller tokens to control the number in circulation, giving investors greater incentives.Token Burning: Securing cryptocurrencies was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Author: Punith Nandiraj