Ethereum Burn Address

The Ethereum burn address, known as 0x0000000000000000000000000000000000000000, is a unique address designed to permanently remove Ether (ETH) tokens from circulation. Tokens sent to this address will be lost forever, as they do not have a corresponding private key.

Burning ETH has various purposes:

1. Reducing Circulating Supply: By removing tokens from circulation, burning creates deflationary pressure, potentially increasing the value of ETH.

2. Stabilize Transaction Fees: A portion of transaction fees is burned on each transaction, helping to stabilize and manage the fee structure.

To view Ethereum burning addresses and their transaction history, you can use a blockchain explorer such as Etherscan. How to: Open Etherscan Open the Etherscan website in your web browser then search for the address. Enter the burn address in the search field then click search and see details, you will be able to see the balance and history of burned tokens.