Theoretically, wiping and restoring could wear the flash storage further. Though before your drive dies you’ll probably replace it anyway.

I’m assuming you’re not doing it every 10 seconds so it really shouldn’t be a problem not that there’s evidence that it would be if you did

Btw you don’t need to keep restarting it, it’s a modern phone they are fine

Yes. It explodes.

No

I see some people here in the comments saying that it could damage it… but the real answer is that it’s not damage but actual wear over time… any drive has a maximum write/ reads before the performance goes to shxt, but even then, before your storage is completely done in terms of write/reads health, you probably would have a new phone… I see people still running on 6s and iPhone 8, and I’ve never heard of any storage failure yet from an iPhone… Also reinitializing/wiping to factory data, your phone can fix some OS corruption along the way. So why would resets ruin or damage it ? :)

I used to wipe a lot of times my last 4 phones I got from android to iPhone Mix and never had any issues ( sometimes I would eventually wipe my phone storage like 40 times a month)

Just enjoy your phone and maybe stop wiping it continuously because it takes away your enjoyment time off your phone, don’t you think? :)