Transaction 50af4f8d93d8e582c06aa231253b471944de24758751d2a2f0fc9c0b3c23da3b
Block #161276
2012-01-08 18:09:15 +0000 UTC (~12 years, 8 months ago)
BTC Burned: 🔥7.86553962 BTC🔥
How did this transaction burn BTC?
Lost Keys
The majority of Bitcoin is secured through the use of private keys. Wallet applications generate public and private keypairs, which are used to generate an address.
Modern wallets use deterministic systems such as BIP391 to generate a root key which is used to derive every subsequent key. Thus, ensuring you have a reliable, safe backup of the root key, typically a 12 or 24 word mnemonic phrase, is sufficient to recover access to your funds.
Before such systems were developed, most wallets stored each keypair individually. This resulted in a number of additional ways to lose access to your coins - old backups wouldn’t be able to recover any keys for addresses generated after the backup was taken, for instance.
Over the years, wallet applications have also had a number of bugs, leading to unstable key production, bad encryption, and other cases which inadvertently resulted in funds being directed to addresses without known keys.
Even if the wallets work perfectly, users do still lose access to their keys by neglecting to make backups or other mistakes. burned.money’s lost_keys group tracks cases for which there is a reasonable degree of confidence that the keys are genuinely and truly lost.
View revision historyRaw Transaction
{
"txid": "50af4f8d93d8e582c06aa231253b471944de24758751d2a2f0fc9c0b3c23da3b",
"hash": "50af4f8d93d8e582c06aa231253b471944de24758751d2a2f0fc9c0b3c23da3b",
"version": 1,
"size": 257,
"vsize": 257,
"weight": 1028,
"locktime": 0,
"vin": [
{
"txid": "0ce95f3c45dde3a275b4ee18d8b498882ff0f4e351e2da2788e6b100f3ae2078",
"vout": 0,
"scriptSig": {
"asm": "304402201e4e953020f71bc2e399170f61519f9bb2e6a0663625d568da09f1d64edd15eb022032b3fe4a8929f09bb549802557d7dafb43dc4f1d91811495638c7d983a11ca73[ALL] 04e4885a23f8709525acacdf4d81a69480355546aa010b6dc0a95f3588f7522cf1437830ff3a28780c518a40b7c237a4cfb41315115674b8411746cb029b03c102",
"hex": "47304402201e4e953020f71bc2e399170f61519f9bb2e6a0663625d568da09f1d64edd15eb022032b3fe4a8929f09bb549802557d7dafb43dc4f1d91811495638c7d983a11ca73014104e4885a23f8709525acacdf4d81a69480355546aa010b6dc0a95f3588f7522cf1437830ff3a28780c518a40b7c237a4cfb41315115674b8411746cb029b03c102"
},
"prevout": {
"generated": true,
"height": 160820,
"value": "50.39800000",
"scriptPubKey": {
"asm": "OP_DUP OP_HASH160 ca975b00a8c203b8692f5a18d92dc5c2d2ebc57b OP_EQUALVERIFY OP_CHECKSIG",
"desc": "addr(1KUCp7YP5FP8ViRxhfszSUJCTAajK6viGy)#8gqsn5g9",
"hex": "76a914ca975b00a8c203b8692f5a18d92dc5c2d2ebc57b88ac",
"address": "1KUCp7YP5FP8ViRxhfszSUJCTAajK6viGy",
"type": "pubkeyhash"
}
},
"sequence": 4294967295
}
],
"vout": [
{
"value": "42.53246038",
"n": 0,
"scriptPubKey": {
"asm": "OP_DUP OP_HASH160 28e26c064cb31fa51a30ecd47167428cd2559659 OP_EQUALVERIFY OP_CHECKSIG",
"desc": "addr(14jBGkMqKvbn8hMUKWMvosZ4w8sGEHpcqN)#kucrxful",
"hex": "76a91428e26c064cb31fa51a30ecd47167428cd255965988ac",
"address": "14jBGkMqKvbn8hMUKWMvosZ4w8sGEHpcqN",
"type": "pubkeyhash"
}
},
{
"value": "7.86553962",
"n": 1,
"scriptPubKey": {
"asm": "OP_DUP OP_HASH160 37d3cf3cd85592775233c9c2172ec8ef326c4b5c OP_EQUALVERIFY OP_CHECKSIG",
"desc": "addr(166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL)#uwd8pn8g",
"hex": "76a91437d3cf3cd85592775233c9c2172ec8ef326c4b5c88ac",
"address": "166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL",
"type": "pubkeyhash"
}
}
],
"fee": "0.00000000",
"hex": "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",
"blockhash": "000000000000042c4683cddc2d84fa2749cf09c4ee878229daa67a5535f8f5b3",
"time": 1326046155,
"blocktime": 1326046155
}