Is it possible to spend the unspent outputs of a burn address?

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If a burn address is created without a private key to prevent access to the bitcoin there, is not possible to create a transaction which would spend the utxos since there is no private key to sign the transaction?

John

Posted 2018-03-21T21:07:19.907

Reputation: 133

Answers

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not possible to create a transaction which would spend the utxos since there is no private key to sign the transaction?

Yes. That's the whole point of a burn address - to have an address where no one is able to spend the coins.

Of course, in theory, someone could find a private key that corresponds to a burn address, but the probability is so small that it is effectively 0.

Andrew Chow

Posted 2018-03-21T21:07:19.907

Reputation: 40 910