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
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
Token Generation Event (TGE)
An event in which new tokens (ussually on a smart contract platform) are created and distributed to the public.
opML (Optimistic Machine Learning)
opML (Optimistic Machine Learning) employs an optimistic verification mechanism and is able to handle large-scale machine learning models with billions of parameters efficiently, using fraud proofs that verify the ML computation.
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
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