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
cc0 NFT
A cc0 NFT is a piece of digital content where the IP rights have been relinquished.
Central Bank Digital Currency (CBDC)
It is a digital fiat currency issued by the central banks, contrary to cryptocurrency that issued by non-legislative party.
Sharding
A form of database partitioning which breaks up data into smaller segments.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
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