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Hi and welcome to a new Cryptomatics episode! In this video, we will briefly explain what burning means, how it works, and why companies do this. What Is Burning? burning is the process through which coins are purposely and permanently removed from the circulating supply. It is typically performed by the development team which can also buy back s and burn them. It involves parts of the supply that are already available, such as unallocated s or those that are stored in the teams Treasury. Some companies burn s regularly, while others do so as a one-off event. For example, if there are any s left after a fundraiser is completed, the company may choose to burn them. How Does Burning Work? s are burned in various ways: 1. Sending s to a frozen address, also known as burn address. Nobody has the private key for this address. Once the s are sent, the transaction cannot be reversed, and they cannot be withdrawn. An example of a common burn address is Ethereum 0x0,