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Ever wondered what cryptocurrency burning is and why it's such a big deal in the crypto world? In this video, we dive into the process of burning tokens, why it's done, and how it affects the value of cryptocurrencies.
- What token burning is and how it works in the blockchain space.
- How burning tokens impacts supply and demand, and how it can potentially increase token value.
- Why major blockchain networks like Ethereum and Binance Smart Chain regularly burn tokens.
- The pros and cons of burning tokens, from transparency and eco-friendliness to short-term market volatility.
- How burning tokens can even protect blockchains from DDoS attacks and why it's essential for many projects.
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