How is BNB burned? No worries—the class rep is here to explain:
Burned BNB is sent to an address that nobody can access, and every burn can be verified on-chain.
The two burns are based on different criteria: quarterly Auto-Burn depends on the price and number of blocks produced, while BEP-95 depends on how much Gas is actually used on-chain—the busier the network, the more is burned.
Understanding this won’t make me instantly stronger, but it can help me avoid a few basic mistakes.
$BNB 698.53（-6.59%）
#BNB
The above is a summary of publicly available information. Please refer to the original text.
Burned BNB is sent to an address that nobody can access, and every burn can be verified on-chain.
The two burns are based on different criteria: quarterly Auto-Burn depends on the price and number of blocks produced, while BEP-95 depends on how much Gas is actually used on-chain—the busier the network, the more is burned.
Understanding this won’t make me instantly stronger, but it can help me avoid a few basic mistakes.
$BNB 698.53（-6.59%）
#BNB
The above is a summary of publicly available information. Please refer to the original text.