Now let me explain the difference between a dead wallet and a live wallet. A dead wallet is a wallet that has only a public address which means that it can only receive tokens but can not send out tokens whereas a live wallet is a wallet that has both public and private keys I.e it can receive and send tokens.

I love your explanation through this. It's true that every fully functional crypto wallets designed for sending and receiving tokens must have public and private keys but in the case of null addresses, they only have public addresses where they can only receive tokens into but the tokens can't leave there afterwards.

The blockchain developers include the burn function into the smarts contract to ensure burning functionality is activated on the blockchain so that users can easily burn their tokens.

I also agree that the burnsteem25 is working in reducing the amount of tokens that enter the market and that's good factor to maintain the price of a Steem tokens. More people joining the program will make it more effective. Thanks for sharing your post friend.