Does XLM burn coins?

This mechanism ensures that only legitimate and valuable transactions are included in the blockchain, maintaining its overall health and stability. It also helps to preserve the limited resources of the network, ensuring that they are used efficiently and effectively.

BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of the crypto community. Among its offerings are spot trading, futures trading, and a secure wallet solution.

Cryptocurrency transactions, including those involving XLM, are designed with intricate mechanisms to maintain the integrity and efficiency of the blockchain. One such mechanism is the burning of Stroops, a fractional unit of XLM, during transactions.

BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices, providing a convenient and secure way to access the crypto markets. Its futures trading platform, on the other hand, offers advanced trading options for experienced investors looking to leverage their positions.

Each time a transaction is executed on the Stellar blockchain, a small amount of Stroops, specifically 100 Stroops (equivalent to 0.00001 XLM), is permanently destroyed. This process, known as burning, serves a crucial purpose in the blockchain ecosystem.