Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XRA] Ratecoin POW/POS - No ICO/ No premine / No ninja
by
R-A-T-E
on 07/07/2015, 14:44:50 UTC
We also have burn address now.

Thanks to Earlz.

R9HC5WtHbpoa51NCUAz86XLCmGTbkf45NT

https://gist.githubusercontent.com/Earlz/de3cc5f6ee85c7a69d53/raw/e9b8f53ddadd1677fc2fd2a0f1df8547e08ae408/gistfile1.txt   (Version 60)

As for how they're generated, an address is just an irreversible cryptographic hash of a public key. In this case of the burn address, instead of using public key, the value 0 is used. So, the only way you could spend it is if you could generate a private key which had a public key of 0, which is proven to be impossible.

I will burn coins from Appollo program in few hours....(And it will continue every day)