Many projects utilize this process for many reasons, including to forcibly make the price rise (this method is particularly used by scammy projects) via reducing the supply of the token.
The question I have is: how do they do that?
I know the classic way which is all about to send the tokens to a "black hole address" which de facto makes them unusable, but I would like to know how technically this process work, how do they can access the tokens present in your wallet and send them to the burn address (this is basically how some scams work), feel free to go deep with details, I'll try my best to understand the process.
Don't worry, they don't exactly touch your coins. More often the team has its own coins, so they can burn part of them or they buy coins in the market which also helps raise the price. What comes to specifically burning, they just send that coin to the so-called burning address 0x0000...
Nobody has access to this wallet address so they just get out of circulating supply.
