Ethereum Black Hole is a smart contract that allows users to send ether to a black hole address and receive a refund after a specified period of time. The purpose of the contract is to allow users to “burn” their ether, which can then be used to purchase other assets such as tokens or cryptocurrency.
The Black Hole contract was created by developer Alex Simons, who also created the popular Ethereum faucet EtherGoo. The contract has been live for over a year and has processed over $1 million worth of ether.
Ethereum Black Hole is not affiliated with the Ethereum Foundation or any other organization. The contract is open source and available on GitHub.
To use the contract, users simply send ether to the black hole address and specify how long they want to wait for the refund. The minimum wait time is 1 hour, and the maximum is 365 days.
NOTE: WARNING: Ethereum Black Hole is a malicious code that can cause significant damage to a computer system. It has been reported to steal users’ Ethereum coins, making them unable to access their funds. It is highly recommended that users take extra measures to protect their systems from this threat, such as using a secure antivirus program and avoiding downloading unknown files or programs.
There is a 0.01 ETH fee for using the contract. .
Once the specified time period has elapsed, the user can then call the refund function to receive their ether back. The contract will then send the ether back to the user’s address, minus the 0.
01 ETH fee.
The Black Hole contract has been used by a number of different organizations and individuals for various purposes. For example, one organization used it to “burn” over $1 million worth of ether that was donated to them.
The Ethereum Black Hole is a useful tool for anyone who wants to “burn” their ether in order to purchase other assets. It is simple to use and has processed over $1 million worth of ether since it was created.
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