Burned Tokens
By CoinGecko | Updated on Jul 28, 2020
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable. Example burn addresses include 1BitcoinEaterAddressDontSendf59kuE on Bitcoin or 0x0000000000000000000000000000000000000000 on Ethereum.
Related Terms
Explain Like I'm Five (ELI5)
To explain in such simple terms that even a five-year-old would be able to understand it.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Custody
Protective care or guardianship of an asset.
Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
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