Guys, I don't get it, why are unrecoverably burned coins

Question

Ravencoin

A

Guys, I don't get it, why are unrecoverably burned coins

not deducted from coin supply but recoverably burned are?

#cryptocurrency #english #raven

0

22.10.2021

5 ответов

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A Автор вопроса

I always thought that all these unrecoverable coins are those which were actually used to mint or issue smth, but if I understand you correctly they are just lost during transactions. Is that so?

0

22.10.2021

Jeroz (check my bio)

A
I always thought that all these unrecoverable coin...

There are two types of burned coins. The ones used for issuing assets are 100% burned and “unrecoverable”. The ones I explained about above are recoverable and lost during something that’s in the bitcoin protocol.

0

22.10.2021

A Автор вопроса

So does unrecoverable section include both of these types?

0

22.10.2021

Jeroz (check my bio)

A
So does unrecoverable section include both of thes...

Unrecoverable summarizes all the burned coins from asset creation

0

22.10.2021

Jeroz (check my bio) · Accepted Answer

Because they can come back into supply later. It’s something inherited from bitcoin that almost nobody knows about and/or realizes. Bitcoin has a checks for txes, which ensures that VOUT may not exceed VIN but VIN is allowed to be smaller. Situations when this occurs is when pools forget to add tx fees to the block. Another situation is when rounding errors take place in blocks. Instead of the the whole protocol denying the block, it’s coded more lenient and allows for this behavior. The supply that was lost because of this behavior can be added back at the end for miners.

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Guys, I don't get it, why are unrecoverably burned coins

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