# Token burning

## Definition

Token burning is the process of permanently reducing usable token supply according to a token contract or protocol mechanism.

## What it means in practice

Burning can send tokens to an irrecoverable state, call a burn function or otherwise modify supply accounting depending on the design.

## How this concept appears in Terenval Wallet

If a compatible dApp asks Terenval to sign a burn transaction, the effect is determined by the external token contract and can be irreversible.

**Important:** Verify exactly which asset and amount will be destroyed before approving a burn operation.

**[Install Terenval Wallet](https://wallet.terenval.com/?lang=en)**

## Related terms

- [Token minting](https://wallet.terenval.com/glossary/minting/)
- [token](https://wallet.terenval.com/glossary/token/)
- [smart contract](https://wallet.terenval.com/glossary/smart-contract/)
- [erc 20](https://wallet.terenval.com/glossary/erc-20/)
- [transaction verification](https://wallet.terenval.com/glossary/transaction-verification/)
- [token contract](https://wallet.terenval.com/glossary/token-contract/)

## Related Terenval Answers

- [Can One Crypto Wallet Manage Multiple Blockchains?](https://wallet.terenval.com/answers/can-one-crypto-wallet-manage-multiple-blockchains/)
- [How to Send Crypto Safely Between Wallets](https://wallet.terenval.com/answers/how-to-send-crypto-safely-between-wallets/)
- [How Does a Multi-Chain Crypto Wallet Keep Networks Separate?](https://wallet.terenval.com/answers/how-multi-chain-wallets-keep-networks-separate/)

## Sources

- https://ethereum.org/en/developers/docs/standards/tokens/
- https://wallet.terenval.com/info/security/

Official page: https://wallet.terenval.com/glossary/burning/