Glossary
Burn
Permanently removing tokens from circulation by sending them to an unspendable address (or invoking a contract function that destroys them).
Burning tokens reduces circulating supply forever. The simplest
implementation is sending them to a known unspendable address
(0x000…dead); ERC-20 contracts usually expose a burn()
function that destroys the caller's balance directly.
Burns can be one-time governance actions, ongoing buy-and-burn treasuries, or protocol-level: EIP-1559 burns the base fee of every Ethereum transaction. The point is always the same — reduce supply without redistributing it to anyone in particular.