There is a treasure trove of tokens sent to address(0) to "burn" under the assumption that no one has the private key. and no one ever will.
In a manner of speaking, I would classify it as a very large open bounty. It's like a pinata for mathematicians and quantum computers.
Hope it helps.
Answer from Rob Hitchens on Stack ExchangeThere is a treasure trove of tokens sent to address(0) to "burn" under the assumption that no one has the private key. and no one ever will.
In a manner of speaking, I would classify it as a very large open bounty. It's like a pinata for mathematicians and quantum computers.
Hope it helps.
The genesis block is a special block which was mined by nobody and therefore is associated with the account 0x0000000000000000000000000000000000000000.
It's impossible to generate the private key for this address and people can use it as proof-of-burn account on the Ethereum blockchain.
I see that https://etherscan.io/address/0x0000000000000000000000000000000000000000 owns almost $3 billion in tokens plus $3.5 million ETH.
Is this a burn address? I know in Bitcoin that one can send BTC to an address where no-one knows the private key. Is the same true in Ethereum? If someone wanted to prove that they had "destroyed" a token could they send it to the above-referenced address?