Transaction 01c1b506c14a20842a1f22c5bcb43bd94daf586359928822557169e79d18ca16

Block #848733

2024-06-20 08:55:35 +0000 UTC (~11 days, 17 hours ago)

BTC Burned: 🔥0.00575 BTC🔥

Inputs

bc1qgdq67upw5909ctmm3t54zpk4xcz8ncm5ggafcr

0 4341af702ea15e5c2f7b8ae95106d5360479e374 witness_v0_keyhash

Outputs

6a4c5058325b08c917c3265a48fcf805b108f3215dd5a94bfa563c87180527930fcfeeccad1a09c6bc30e51be7346dc19e410fe38d7bd3e6f6d9cd150d2bfa44f56db8e0be44000cf35c042d000cf02100605a

OP_RETURN 58325b08c917c3265a48fcf805b108f3215dd5a94bfa563c87180527930fcfeeccad1a09c6bc30e51be7346dc19e410fe38d7bd3e6f6d9cd150d2bfa44f56db8e0be44000cf35c042d000cf02100605a nulldata

1111111111111111111114oLvT2

OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG pubkeyhash

bc1qgdq67upw5909ctmm3t54zpk4xcz8ncm5ggafcr

0 4341af702ea15e5c2f7b8ae95106d5360479e374 witness_v0_keyhash

How did this transaction burn BTC?

OP_RETURN outputs

OP_RETURN is a provably unspendable method that allows embedding of arbitrary data into the blockchain¹.

OP_RETURN outputs are used to embed data such as messages, commitments from systems like Stacks², or even files - there are no constraints on the nature of the data, only on the size per OP_RETURN output.

As they are provably unspendable, OP_RETURN outputs are pruned from the UTXO set automatically and do not contribute to the UTXO set size.

Although OP_RETURN outputs are exempted from the Dust Limit and can be 0-value, some users choose to transfer BTC to the output. This BTC is permanently and irreversibly lost, and reduces the circulating supply of Bitocin.

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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.

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Raw Transaction

{
  "txid": "01c1b506c14a20842a1f22c5bcb43bd94daf586359928822557169e79d18ca16",
  "hash": "d60a90a38d1ff952fd9b7ab897481f68cfc49ea6b2bde85b32f82653c1dcd936",
  "version": 1,
  "size": 317,
  "vsize": 236,
  "weight": 941,
  "locktime": 0,
  "vin": [
    {
      "txid": "c1445738298f4ed230fce3361478b5e629cb2cd3e0c10f7d8b04d69c37b93ff6",
      "vout": 2,
      "scriptSig": {
        "asm": "",
        "hex": ""
      },
      "txinwitness": [
        "3044022007a6dd5aeb03efd5d9863ccf059aebe4080c4de4e13c89266401cafdd877852f0220650c40246395a6f7227bf7a32253a45e4a8ca2f3adef682ba54048738b42b29201",
        "026b7da7e93af51ba7f78e02ab9aef00747f989a51cd9aef4855c980a50840c970"
      ],
      "prevout": {
        "generated": false,
        "height": 848732,
        "value": "3.55461477",
        "scriptPubKey": {
          "asm": "0 4341af702ea15e5c2f7b8ae95106d5360479e374",
          "desc": "addr(bc1qgdq67upw5909ctmm3t54zpk4xcz8ncm5ggafcr)#c805sk4r",
          "hex": "00144341af702ea15e5c2f7b8ae95106d5360479e374",
          "address": "bc1qgdq67upw5909ctmm3t54zpk4xcz8ncm5ggafcr",
          "type": "witness_v0_keyhash"
        }
      },
      "sequence": 4294967293
    }
  ],
  "vout": [
    {
      "value": "0.00000000",
      "n": 0,
      "scriptPubKey": {
        "asm": "OP_RETURN 58325b08c917c3265a48fcf805b108f3215dd5a94bfa563c87180527930fcfeeccad1a09c6bc30e51be7346dc19e410fe38d7bd3e6f6d9cd150d2bfa44f56db8e0be44000cf35c042d000cf02100605a",
        "desc": "raw(6a4c5058325b08c917c3265a48fcf805b108f3215dd5a94bfa563c87180527930fcfeeccad1a09c6bc30e51be7346dc19e410fe38d7bd3e6f6d9cd150d2bfa44f56db8e0be44000cf35c042d000cf02100605a)#njqj6zw2",
        "hex": "6a4c5058325b08c917c3265a48fcf805b108f3215dd5a94bfa563c87180527930fcfeeccad1a09c6bc30e51be7346dc19e410fe38d7bd3e6f6d9cd150d2bfa44f56db8e0be44000cf35c042d000cf02100605a",
        "type": "nulldata"
      }
    },
    {
      "value": "0.00575000",
      "n": 1,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG",
        "desc": "addr(1111111111111111111114oLvT2)#ula7cdg0",
        "hex": "76a914000000000000000000000000000000000000000088ac",
        "address": "1111111111111111111114oLvT2",
        "type": "pubkeyhash"
      }
    },
    {
      "value": "3.54868626",
      "n": 2,
      "scriptPubKey": {
        "asm": "0 4341af702ea15e5c2f7b8ae95106d5360479e374",
        "desc": "addr(bc1qgdq67upw5909ctmm3t54zpk4xcz8ncm5ggafcr)#c805sk4r",
        "hex": "00144341af702ea15e5c2f7b8ae95106d5360479e374",
        "address": "bc1qgdq67upw5909ctmm3t54zpk4xcz8ncm5ggafcr",
        "type": "witness_v0_keyhash"
      }
    }
  ],
  "fee": "0.00017851",
  "hex": "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"
}