Address: 1NoChipsForTomRidd1eXXXXXXXZdqC5y

Script: 76a914041f4d6fa34944ac4cf5451d461f4b7b037dcecf88ac

Total Lost: 0.001 BTC

Transactions: 1

How did this script burn BTC?

Burn Address

Bitcoin addresses are generated by base58 or bech32 encoding the hash of a public key or script, along with a version and checksum.

As the encoding is directly performed on this hash value, it is possible to generate a valid address for which the pre-image public key or script is unknown. This is known as a burn address.

This is commonly done to create a visually distinct address, and to demonstrate some level of “nothing up my sleeve” transparency. The hash values are picked to be values that are improbably to have been generated by chance (due to the immense computational power required to find a pre-image that hashes to a specific value).

While some burn addresses were used in Proof-of-Burn schemes, the majority of burn addresses are simply vanity addresses used to simply burn coins or encode a message into the blockchain.

View revision history
Transaction ID Block Height Amount
a8b31f1ce1cc44ca5d3d5bc921cda1caa0a3886ea68b5d63fa839d9944f68faf 287833
0.001 BTC
now $62.65
0.001 BTC