Burn & Preburn

Move
#1

Hello Diem Team,
I found there are some methods in the Move stdlib related to currency burning and Preburn resource, and I have some questions:

  • What is the use case of currency burning? Is DesignatedDealer or TreasureCompliance role who propose to burn some coins?
  • What is the relationship of currency burning operation and Preburn resource? Or, what is the process of currency burning operation?
  • How Diem ensure the security of currency burning operation?

Thanks!

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#3

Hi Xi,
I think LIP2 will answer some of your questions. Let us know if you have others!

Sam

#4

Hi Sam,
That helps! I also found LIP20 in the GitHub repo, which focuses on on-chain currency management in Diem system. Thank you!

Xi

1 Like