BTC $87,313.00 (-4.03%)
ETH $2,847.25 (-5.31%)
XRP $2.08 (-5.60%)
BNB $840.93 (-4.12%)
SOL $128.43 (-5.68%)
TRX $0.28 (-0.92%)
DOGE $0.14 (-6.12%)
ADA $0.39 (-5.44%)
BCH $535.06 (+2.58%)
LEO $9.86 (+0.38%)
LINK $12.31 (-5.69%)
HYPE $30.95 (-9.91%)
XMR $432.51 (+4.46%)
XLM $0.24 (-6.59%)
ZEC $389.48 (-16.22%)
LTC $78.82 (-6.39%)
HBAR $0.14 (-5.91%)
AVAX $13.16 (-7.95%)
SUI $1.40 (-7.01%)
SHIB $0.00 (-5.35%)

Burned

A coin or a token is Burned when it is no longer possible to spend or use. A coin burn or token burn is a method of distributed consensus. The coin miners send the coins to be burned to a nonspendable address, also known as an “eater address”. The reason for doing so is that the more coins a miner burns, the more likely it is that he/she will be permitted to mine the next block.