The 111111111111111111117K4nzc is a xdag burn address, All xdag sent to this address will be permanently burned. similar to the Bitcoin burn address 1111111111111111111114oLvT2, which encodes the smallest possible hash160 value. A burn address is an address to which coins can be sent but are unlikely to ever be spent, effectively removing those coins from circulation. This particular address is often cited as an example because it's virtually impossible that anyone possesses the private key for it.
- XDAG addresses are derived from public keys, which in turn are derived from private keys. For someone to spend coins sent to an address, they would need the corresponding private key.
- The address 111111111111111111117K4nzc looks like it was not generated from a typical private key -> public key -> address process. instead, it is generated by encoding the smallest possible hash160 value.
- Given the vastness of the private key space, the odds of randomly generating the exact private key that corresponds to this address are astronomically low.
Over time, various users might send small amounts of XDAG to this address, either as a joke, a demonstration, or for other reasons. Those coins are effectively "burned" or taken out of circulation.
- 地址111111111111111111117K4nzc不是从典型的私钥 -> 公钥 -> 地址的过程中生成的，它通过编码最小的hash160值生成。
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