I have listen about burning of cryptocurrency. I am a little bit confused what does burning mean, I will be thankful if anybody explain this.
In layman's terms this means destroying some coins from the total supply with the intention to stimulate demand to go up. This act just boarders around the laws of supply and demand, the lower the supply the more demand we have and the higher the supply the likely hood of low demand.
And I have seen major percentage of coins hold by this address 0x000000000000000000000000000000000000dead.
To whom this address belong? Is there anyone have access of this address ?
Didn't take a look but crypto addresses are not like a house number , these can belong to anyone unless the address has been posted in public to make the connection.