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SHIBA INU HOLDERS THIS IS CRAZY!!! NEW ALL TIME HIGHS?Token burning in crypto involves removing coins from supply, increasing scarcity and value, similar to corporate share buybacks. Burning coins, also known as token burning, is a strategic action taken by crypto projects to remove a portion of their tokens from circulation. Proof of burn (POB) is an alternative consensus algorithm that tries to address the high energy consumption issue of a POW system.
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