Transaction 7dce93c8f5bc03a96df0c13b9805bf4b5620b062d0747d4d490f9e0ea6a4c070

Block #795702

2023-06-24 10:20:33 +0000 UTC (~1 year, 11 days ago)

BTC Burned: 🔥0.00000546 BTC🔥


Inputs
1EtvtdGwh8aWZxyEw37d7h5Jxenz215i9Q
0.00013084 BTC
now $7.96
0.00013084 BTC
OP_DUP OP_HASH160 986bd59ce1850348bb526678e8aabd3fcf7950ed OP_EQUALVERIFY OP_CHECKSIG pubkeyhash
Outputs
1CounterpartyXXXXXXXXXXXXXXXUWLpVr
0.00000546 BTC
now $0.33
🔥0.00000546 BTC🔥
OP_DUP OP_HASH160 818895f3dc2c178629d3d2d8fa3ec4a3f8179821 OP_EQUALVERIFY OP_CHECKSIG pubkeyhash
OP_RETURN converted to ASCII L�c���W���qXE"���|��W�f
OP_RETURN 4c198f63b2b28757a3ce1ebd7158452288bd8c7c1a07a7d057d7667f nulldata
1EtvtdGwh8aWZxyEw37d7h5Jxenz215i9Q
0.00003948 BTC
now $2.40
0.00003948 BTC
OP_DUP OP_HASH160 986bd59ce1850348bb526678e8aabd3fcf7950ed OP_EQUALVERIFY OP_CHECKSIG pubkeyhash

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": "7dce93c8f5bc03a96df0c13b9805bf4b5620b062d0747d4d490f9e0ea6a4c070",
  "hash": "7dce93c8f5bc03a96df0c13b9805bf4b5620b062d0747d4d490f9e0ea6a4c070",
  "version": 1,
  "size": 264,
  "vsize": 264,
  "weight": 1056,
  "locktime": 0,
  "vin": [
    {
      "txid": "5f08fef6fec418d41914def2c6b8fe768f64a372ad77c1ffd5ba8132bbb8b583",
      "vout": 1,
      "scriptSig": {
        "asm": "304402206dd21c3e44139cd464d4704c4584a53b3483b97524e7de4bf2bfe17feba0ddc502202c81b5b62256fd134f8a8a30ad4f098557757176a60a98cd03ac48e0bc4a59a7[ALL] 031d7c5fad9283b027ea06b39bf636c2ff87ce5b4d756be8cae659655f1efe5925",
        "hex": "47304402206dd21c3e44139cd464d4704c4584a53b3483b97524e7de4bf2bfe17feba0ddc502202c81b5b62256fd134f8a8a30ad4f098557757176a60a98cd03ac48e0bc4a59a70121031d7c5fad9283b027ea06b39bf636c2ff87ce5b4d756be8cae659655f1efe5925"
      },
      "prevout": {
        "generated": false,
        "height": 793636,
        "value": "0.00013084",
        "scriptPubKey": {
          "asm": "OP_DUP OP_HASH160 986bd59ce1850348bb526678e8aabd3fcf7950ed OP_EQUALVERIFY OP_CHECKSIG",
          "desc": "addr(1EtvtdGwh8aWZxyEw37d7h5Jxenz215i9Q)#4nppwf34",
          "hex": "76a914986bd59ce1850348bb526678e8aabd3fcf7950ed88ac",
          "address": "1EtvtdGwh8aWZxyEw37d7h5Jxenz215i9Q",
          "type": "pubkeyhash"
        }
      },
      "sequence": 4294967295
    }
  ],
  "vout": [
    {
      "value": "0.00000546",
      "n": 0,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 818895f3dc2c178629d3d2d8fa3ec4a3f8179821 OP_EQUALVERIFY OP_CHECKSIG",
        "desc": "addr(1CounterpartyXXXXXXXXXXXXXXXUWLpVr)#v66r8cp2",
        "hex": "76a914818895f3dc2c178629d3d2d8fa3ec4a3f817982188ac",
        "address": "1CounterpartyXXXXXXXXXXXXXXXUWLpVr",
        "type": "pubkeyhash"
      }
    },
    {
      "value": "0.00000000",
      "n": 1,
      "scriptPubKey": {
        "asm": "OP_RETURN 4c198f63b2b28757a3ce1ebd7158452288bd8c7c1a07a7d057d7667f",
        "desc": "raw(6a1c4c198f63b2b28757a3ce1ebd7158452288bd8c7c1a07a7d057d7667f)#23etcgqz",
        "hex": "6a1c4c198f63b2b28757a3ce1ebd7158452288bd8c7c1a07a7d057d7667f",
        "type": "nulldata"
      }
    },
    {
      "value": "0.00003948",
      "n": 2,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 986bd59ce1850348bb526678e8aabd3fcf7950ed OP_EQUALVERIFY OP_CHECKSIG",
        "desc": "addr(1EtvtdGwh8aWZxyEw37d7h5Jxenz215i9Q)#4nppwf34",
        "hex": "76a914986bd59ce1850348bb526678e8aabd3fcf7950ed88ac",
        "address": "1EtvtdGwh8aWZxyEw37d7h5Jxenz215i9Q",
        "type": "pubkeyhash"
      }
    }
  ],
  "fee": "0.00008590",
  "hex": "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"
}