Why Signum
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Transactions
Transaction Types
Burn Transaction
1min
Burn transaction decreases the amount of smart token or Signa on the sender's account and, thereby, the total amount of the smart token or Signa on the blockchain. Any account with a smart token (not necessarily the token issuer) or Signa can burn those by sending them to the chain's burn address (the Zero account). Burned tokens or Signa cannot be restored to the account. SmartContracts and Subscriptions payment also burn by node logic the used execution fee/network fee constantly. Automated burning is shown per block in the explorer.
The following transaction can be used to burn smart tokens or Signa:
- Ordinary payments
- Multi-Out payments
- Multi-Out same payments
- Asset transfer
- Multi-Asset transfer
Updated 24 Mar 2023
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