Post
Topic
Board Altcoin Discussion
Re: Burning coins. How to?
by
Rahar02
on 23/12/2016, 14:30:31 UTC
if the fundamentals are the same as bitcoin you can't just pick a random address on your own, the address has to match certain rules which is the base58 encoding with checksum.
like this:
Code:
Bitcoin address = version + RIPEMD-160(SHA-256( Public Key )) + checksum
you can find articles on how to do it with bitcoin and then change them to your altcoin:
https://en.bitcoin.it/wiki/Proof_of_burn
http://bitcoin.stackexchange.com/questions/1851/how-to-generate-a-valid-bitcoin-address-for-destroying-bitcoins

p.s. donating them would be wiser and easier!

Agreed, why you want to waste it out instead of donating your coins.
Many people out there are looking for coins if you realize that.


Addresses to burn your coins? Looks like suspicious
We don't know for sure unless there are some legit evidence.

Looks nice but how they are guaranteed to have no known or discoverable private key??

Yes, we don't know if that's true if they actually burn it for real instead of keeping all of it, moreover the coins can't just disappear right?