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Token Burning: What Is It, Why Do It?

The stability of stablecoins stems from using a central reserve, which is weak to regulation, mismanagement and error. Amongst many revolutionary options, maybe the most interesting aspect of cryptocurrency is the control it restores to customers. Protocols that use proof of burn include Ripple, BitShares, Slimcoin, Counterparty and Factom. “This acts as an incentive to […]