CODEWITHSUNDEEP
solidity
John
John

Reputation: 31

How will the developer stop burning of the token in future prior to running out of token?

In deflationary smart contract, How will the developer stop burning of the token in future prior to running out of token. I believe smart contract cannot be changed after deployment. Please I need enlightening regarding it.

Upvotes: 0

Views: 58

Answers (1)

maxeth
maxeth

Reputation: 1515

Depends on which specific smart contract you're referring to. Most deflationary smart contracts implement the burning into specific user-actions such as performing transactions since there's no such thing as CronJobs on blockchains.

If you burn a percentage of a transaction, you will never "run out of tokens", so there's no need to "stop" the burning.

I believe smart contract cannot be changed after deployment. Please I need enlightening regarding it.

This also depends on the specific implementation. A smart contract could have a function that lets the deployer stop or change the amount of burning (which wouldn't be decentralized at all).

Upvotes: 1

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