Burning

Burning, in the context of cryptocurrencies, refers to the process of permanently removing a specific amount of tokens or coins from circulation, effectively reducing the total supply of the cryptocurrency. 

This is typically done by sending the tokens to a verifiable "burn address," which is an address that is intentionally made inaccessible, ensuring that the tokens can never be retrieved or re-circulated. Cryptocurrency projects may choose to burn tokens for various reasons, such as reducing inflation, increasing scarcity, or rewarding early adopters. Some projects even have built-in token-burning mechanisms, where a portion of transaction fees is automatically burned with each transaction. By reducing the total supply, token burning can potentially increase the value of the remaining tokens, as scarcity is a key factor in determining the price of an asset.