The mysterious combustion address: Deciphering the mystery of 11111111111111111114OLVT2
In the world of cryptocurrency, the burn address is significant. In December 2017, a specific address caused widespread attention due to its unusual nature and intriguing history. The address in question is 111111111111111111114OLVT2, which has left many to wonder about its origin and purpose.
In order to shed light on this mysterious address, we must deepen in the context of Bitcoin burn transactions, especially those that happened around the same time as 2017. In December 2017, the amazing 8.97 bitcoins were burned in a single transaction , according to a CoinMarketCap Coins Website.
Burning deal
This particular combustion was significant as it included the most BTC obtained during the year, with Bitcoin’s network receiving an unprecedented number of bitcoins. The combustion deal included the creation of a new block (number 8,888) and the transfer of 8,97 bitcoins from the sender’s address to the recipient address.
Hash160 and its meaning
The value of hash160 associated with this burn is particularly interesting. In Bitcoin’s blockchain, each transaction is represented by a unique hash that identifies it. The Hash160 field is used for cryptographic purposes and provides additional security measures. In some cases, however, such as the combustion address for 2017, Hash160 can be operated to obtain an idea of related transactions.
The mystery deepens
Although the specifics of the burned 8.97 bitcoins remain unclear, it is worth noting that this amount is not unusually large compared to other significant burning events in Bitcoin’s history. Nevertheless, its importance lies in its pure volume and attention it received from cryptocurrency enthusiasts and researchers.
Conclusion
The enigmatic address 1111111111111111111114OLVT2 continues to fascinate cryptocurrency enthusiasts due to its unusual character and historical context. Although the details of this particular transaction are enclosed in mystery, its importance as one of the largest BTC received in 2017 remains indisputable.
As cryptocurrency continues to develop and a new blockchain technology appears, it is essential that users are aware of the complexity and intricacies of these transactions. Understanding the nuances behind the seemingly vague addresses such as 111111111111111111114OLVT2, we can achieve a deeper estimate of the complex network of the past and present of Bitcoin.
Further reading
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- CoinMarketcap: 1111111111111111114OLVT2 Burning Transaction
- [Bitcoin.org/wiki/burns Freed (