What is Token Burn?
A token burn sends tokens to an unspendable address (or destroys them via a protocol function), permanently reducing supply. Burns are used for deflationary tokenomics, fee mechanisms (EIP-1559) and milestone events.
Why Token Burn matters
Understanding Token Burn is part of building a solid mental model of how Bitcoin, blockchain and Web3 systems actually work. Concepts in the Concepts category sit at the foundation of the broader stack — get them right and the rest is far easier.
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Related terms
- Tokenomics — The economic design of a cryptocurrency.
- EIP-1559 — Ethereum's fee market upgrade introducing base fee + tip.
More concepts terms
- Decentralization — Distributing control across many independent participants.
- Atomic Swap — Trustless cross-chain trade using hash time-locked contracts.
- Bridge — A protocol that moves assets or messages between chains.
- Byzantine Fault Tolerance (BFT) — A system that works even when some nodes lie or fail.
- Staking — Locking tokens to secure a network and earn rewards.
- Validator — A node that proposes and attests to blocks in PoS.
- Layer 1 (L1) — A base blockchain network with its own consensus.
- Layer 2 (L2) — A scaling network that settles to a Layer 1.
Keep exploring
Continue with the full blockchain glossary — 136 terms in total — or read the developer blog and FAQ for deeper context.