Admin: Created page with "'''OP_RETURN''' is a script opcode used to mark a transaction output as invalid. Since any outputs with OP_RETURN are provably unspendable, OP_RETURN outputs can be used t..."

2019-06-22T15:14:49Z

Created page with "'''OP_RETURN''' is a script opcode used to mark a transaction output as invalid. Since any outputs with OP_RETURN are provably unspendable, OP_RETURN outputs can be used t..."

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'''OP_RETURN''' is a [[script]] opcode used to mark a transaction output as invalid. Since any outputs with OP_RETURN are provably unspendable, OP_RETURN outputs can be used to [[Proof of burn|burn]] bitcoins.

== Is storing data in the blockchain acceptable? ==
Many members of the Bitcoin community believe that use of OP_RETURN is irresponsible in part because Bitcoin was intended to provide a record for financial transactions, not a record for arbitrary data. Additionally, it is trivially obvious that the demand for external, massively-replicated data store is essentially infinite. Despite this, OP_RETURN has the advantage of not creating bogus UTXO entries, compared to some other ways of storing data in the blockchain.

From [https://bitcoin.org/en/release/v0.9.0#opreturn-and-data-in-the-block-chain Bitcoin Core release 0.9.0]:
<blockquote>
This change is not an endorsement of storing data in the blockchain. The OP_RETURN change creates a provably-prunable output, to avoid data storage schemes – some of which were already deployed – that were storing arbitrary data such as images as forever-unspendable TX outputs, bloating bitcoin's UTXO database.

Storing arbitrary data in the blockchain is still a bad idea; it is less costly and far more efficient to store non-currency data elsewhere.
</blockquote>

== OP_RETURN applications ==
OP_RETURN can be used for digital asset proof-of-ownership, and has at times been used to convey additional information needed to send transactions (see [[stealth address]]).

== OP_RETURN prefixes ==
Often, OP_RETURN transactions include a prefix to identify which "protocol" they belong to. Protocols wishing to claim OP_RETURN prefixes should use the standard [[Bitcoin Improvement Proposals]] process. Not all OP_RETURN transactions use prefixes.

==Source==

[http://bitcoin.it/ http://bitcoin.it/]
[[Category:Technology]]
==See Also on BitcoinWiki==
* [[BitAir]]
* [[CoinsBank USD Named White]]
* [[CoinsBank USD]]
* [[Bitcoin 4 Cash]]
* [[CoinsBank GBP]]

OP RETURN - Revision history

Admin: Created page with "'''OP_RETURN''' is a script opcode used to mark a transaction output as invalid. Since any outputs with OP_RETURN are provably unspendable, OP_RETURN outputs can be used t..."