Burn Address

Burn address is typically used to permanently remove a number of tokens from circulation. Any token transferred to the burn address cannot ever be retrieved. In Zetrix, the burn account has been created with the following address in both Mainnet and Testnet :

ZTX3Tvw4xiQMT7ennbXvw7L1i2TKP4nii3LYM

Burn Address Mechanism

In a normal account, the master weight must be more than or equal to the tx threshold. In this case, the master weight is 1 and the tx threshold is 1. Hence, the transaction can be made by using this account. Data shown below can be depicted from the account metadata in Explorer.

"priv": {
      "master_weight": 1,
      "thresholds": {
        "tx_threshold": 1
      }
}

However, for the burn account, the master weight is set to 0. Therefore, it does not comply with the requirement to exceed the tx threshold which is 1. Hence, the transaction will always fail when initiated by the burn account. When the master weight is 0, it is not shown in the metadata in Explorer.

"priv": {
      "thresholds": {
        "tx_threshold": 1
      }
}