Greetings great and wonderful bitcoinlovers I'm a beginner from diving deep into Bitcoin basics lately, and something's been troubling me after reading about other coins,We all know BNB does those quarterly/auto burns,Binance burns some chunks of tokens regularly based on profits and trading volume, reducing supply over time Ethereum burns some gas fees too, making it deflationary sometimes.But what about Bitcoin? Is there any type of periodic burn mechanism built into BTC? ....Like fees that get destroyed or scheduled burns?
I don't think that Bitcoin has any known burn mechanism by design and functionality, but BNB and Eth has this burn mechanism wherein BNB has scheduled quarterly destruction and Eth has a portion of the gas fee destroyed permanently.
Bitcoin is quite different hence why it is considered the leading crypto currency among others, due to some of this features you are just discovering.
Bitcoin don't print in the first place, so what's the need for the burn, if I may ask, because the scarcity is already priced in with a cap of 21million coins.