Address: 1JewsDidTheEconomyXXXXXXXXXXbd7ZkE

Script: 76a914c1a754201f0e61ad0e43b99cd3aa7cde19437e8388ac

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
93139ce86563c23f3a27aabab8acd9cb3e22b0c80f685fa24cbbac1c667815f7 217595
0.001 BTC
now $62.61
0.001 BTC