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What is the Ethereum (ETH) burn address
The Ethereum burn address is a unique element within the Ethereum blockchain, specifically designed to permanently remove Ether tokens from circulation. The Ethereum burn address is represented by the address 0x0000000000000000000000000000000000000000. The fundamental concept behind a burn address is the intentional destruction of tokens. A key characteristic of the burn address is the absence of a corresponding private key. Since controlling a cryptocurrency wallet requires a private key, this intentional omission ensures that any Ether (ETH) sent to the burn address becomes irrevocably lost. There is no mechanism ... (full story)