![]() ![]() Say you buy something for $20 and pay the the seller with a $20 bill. To explain inputs and outputs a bit more, let’s use a currency like US dollars as an example. From one transaction to the next, each input is the output of a previous transaction. When those funds come out on the receiving end of a transaction, they are now called outputs. Inputs are the existing funds you use when sending a transaction. Inputs and outputs are how the breakdown or denomination of cryptocurrency happens as funds are transacted across the network. Then, we’ll get into change addresses and their role in the transaction process.Įvery cryptocurrency transaction is made up of at least one input and output. To understand change addresses, first we’ll need to explain how cryptocurrency transactions work. When you view your expanded transaction details, you may see addresses under “Received By” called Change Addresses.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |