In this procedure, a chemical (liquid nitrogen or nitrous oxide) is applied to the hemorrhoid to freeze it for 2 to 4 minutes.
After the tissue thaws, it dies and falls off, and a scar forms on the wall of the anal canal. The scar tissue holds nearby veins in place so they don't bulge into the anal canal.
This treatment is seldom done. In fact, some experts believe cryotherapy should be avoided due to excessive posttreatment symptoms.1
Citations
WebMD Medical Reference from Healthwise