Transaction eb1592b0a2918b2f26a7f48ac8c3eb7b81c7d067e799b71a4a542c7e31a3bedb

Block #703487

2021-10-04 09:21:09 +0000 UTC (~2 years, 9 months ago)

BTC Burned: 🔥0.0000543 BTC🔥

Inputs

1LU2uHwxqBRWqMvs9DWnEy1EsjGz3cXBvA

OP_DUP OP_HASH160 d587354e60abe46b4a09f94f57931ebf36411fad OP_EQUALVERIFY OP_CHECKSIG pubkeyhash

Outputs

1CounterpartyXXXXXXXXXXXXXXXUWLpVr

OP_DUP OP_HASH160 818895f3dc2c178629d3d2d8fa3ec4a3f8179821 OP_EQUALVERIFY OP_CHECKSIG pubkeyhash

6a3ab49d8a162ecb5b853941117c38b19af2ccbf69a78c3858720096f4209a8871ca2722364de372539305442d905fc7be30fce92c72f2636af97d95

OP_RETURN b49d8a162ecb5b853941117c38b19af2ccbf69a78c3858720096f4209a8871ca2722364de372539305442d905fc7be30fce92c72f2636af97d95 nulldata

1LU2uHwxqBRWqMvs9DWnEy1EsjGz3cXBvA

OP_DUP OP_HASH160 d587354e60abe46b4a09f94f57931ebf36411fad 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": "eb1592b0a2918b2f26a7f48ac8c3eb7b81c7d067e799b71a4a542c7e31a3bedb",
  "hash": "eb1592b0a2918b2f26a7f48ac8c3eb7b81c7d067e799b71a4a542c7e31a3bedb",
  "version": 1,
  "size": 294,
  "vsize": 294,
  "weight": 1176,
  "locktime": 0,
  "vin": [
    {
      "txid": "353cb37901851ffd80fe984bbf05a60737727eaae3aba880ea3e90761a7e2f32",
      "vout": 2,
      "scriptSig": {
        "asm": "304402205d5fcdaad0bc1906203579c52fd5aa28e80d0fcba1e4af25f3d19024285bb90d0220474f095f5ce57d3e11416ca6555c6d7702245e7cfecb9badc010d3e94075dd02[ALL] 03b06f191bb41f6e3f79d2e5f658648327c6296f17a14070c429be3cf4c488925f",
        "hex": "47304402205d5fcdaad0bc1906203579c52fd5aa28e80d0fcba1e4af25f3d19024285bb90d0220474f095f5ce57d3e11416ca6555c6d7702245e7cfecb9badc010d3e94075dd02012103b06f191bb41f6e3f79d2e5f658648327c6296f17a14070c429be3cf4c488925f"
      },
      "prevout": {
        "generated": false,
        "height": 703487,
        "value": "0.00765945",
        "scriptPubKey": {
          "asm": "OP_DUP OP_HASH160 d587354e60abe46b4a09f94f57931ebf36411fad OP_EQUALVERIFY OP_CHECKSIG",
          "desc": "addr(1LU2uHwxqBRWqMvs9DWnEy1EsjGz3cXBvA)#whzjh6xj",
          "hex": "76a914d587354e60abe46b4a09f94f57931ebf36411fad88ac",
          "address": "1LU2uHwxqBRWqMvs9DWnEy1EsjGz3cXBvA",
          "type": "pubkeyhash"
        }
      },
      "sequence": 4294967295
    }
  ],
  "vout": [
    {
      "value": "0.00005430",
      "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 b49d8a162ecb5b853941117c38b19af2ccbf69a78c3858720096f4209a8871ca2722364de372539305442d905fc7be30fce92c72f2636af97d95",
        "desc": "raw(6a3ab49d8a162ecb5b853941117c38b19af2ccbf69a78c3858720096f4209a8871ca2722364de372539305442d905fc7be30fce92c72f2636af97d95)#v5s579fq",
        "hex": "6a3ab49d8a162ecb5b853941117c38b19af2ccbf69a78c3858720096f4209a8871ca2722364de372539305442d905fc7be30fce92c72f2636af97d95",
        "type": "nulldata"
      }
    },
    {
      "value": "0.00758925",
      "n": 2,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 d587354e60abe46b4a09f94f57931ebf36411fad OP_EQUALVERIFY OP_CHECKSIG",
        "desc": "addr(1LU2uHwxqBRWqMvs9DWnEy1EsjGz3cXBvA)#whzjh6xj",
        "hex": "76a914d587354e60abe46b4a09f94f57931ebf36411fad88ac",
        "address": "1LU2uHwxqBRWqMvs9DWnEy1EsjGz3cXBvA",
        "type": "pubkeyhash"
      }
    }
  ],
  "fee": "0.00001590",
  "hex": "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"
}