Ethereum update: Is 0x0000000000000000000000000000000000000000 a “burn address”?
I see that r/https://etherscan.io/address/0x0000000000000000000000000000000000000000 owns almost $3 billion in tokens plus $3.5 million ETH.
Is this a burn address? I know in Bitcoin that one can send BTC to an address where no-one knows the private key. Is the same true in Ethereum? If someone wanted to prove that they had “destroyed” a token could they send it to the above-referenced address?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
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