Quote from: foysalsiam on January 23, 2025, 10:16:03 PM

Why people sending btc to this address?

Bitcoins sent to these addresses are gone forever. There are a few reasons whey people might send to a burn address. Primarily, sending to a burn address proves that you spent the bitcoins and got nothing in return. Some people send just like some people might burn a $100 for show in a video. Many of the bitcoins sent to 1111...4oLvT2 were sent accidentally due to software bugs.

Quote from: foysalsiam on January 23, 2025, 10:16:03 PM

Why it called burn wallet?

It is called a "burn address" because bitcoins sent to it can never be recovered. They have been "burned".

Quote from: foysalsiam on January 23, 2025, 10:16:03 PM

\What is burn wallet?

A burn address is an address with an unknown private key. It is not possible to prove that the private key for a burn address is not know, but we can be pretty certain that the private keys for these addresses are not known because addresses that have private keys must be mostly random and those addresses are far from random.