š§© Why does a Bitcoin transaction have āchangeā?
A wallet with $BTC gathers unspent outputs, called UTXOs. A transaction spends the outputs it uses in full and creates new ones.
Fictional example:
ā¢ Input: 0.010 BTC.
ā¢ Recipient: 0.006 BTC.
ā¢ Change: 0.0039 BTC.
ā¢ Fee: 0.0001 BTC.
The change goes back to the sender in a new output. The fee is the difference between the inputs and all the outputs.
These numbers only illustrate how it works; they do not indicate a current fee.
Thatās why adding up the inputs doesnāt tell you how much the recipient received.
Source: Binance Academy ā UTXO
#bitcoin #blockchain
The author may receive rewards from Binance.
A wallet with $BTC gathers unspent outputs, called UTXOs. A transaction spends the outputs it uses in full and creates new ones.
Fictional example:
ā¢ Input: 0.010 BTC.
ā¢ Recipient: 0.006 BTC.
ā¢ Change: 0.0039 BTC.
ā¢ Fee: 0.0001 BTC.
The change goes back to the sender in a new output. The fee is the difference between the inputs and all the outputs.
These numbers only illustrate how it works; they do not indicate a current fee.
Thatās why adding up the inputs doesnāt tell you how much the recipient received.
Source: Binance Academy ā UTXO
#bitcoin #blockchain
The author may receive rewards from Binance.