Eater Address
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- The following comes from Cointelegraph (31-7-2019):
"token burning can be accomplished in different ways. The goal is to reduce the existing number of tokens available.
Although it sounds extreme, burning tokens doesn’t disintegrate them literally, but it does render them unusable in the future. The process involves the project’s developers repurchasing or taking available currency out of circulation by removing them from availability. To do so, the tokens’ signatures are put into an irretrievable public wallet known as an “eater address” that is viewable by all nodes but perma-frozen. The status of these coins is published on the blockchain."
