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Writer's pictureFahad H

Blockchain 101 Ep 22 – Bitcoin Change Address


It is feasible to ship bitcoins from a number of addresses or ship to a number of addresses in a single go.

For occasion, that you must pay Mr Bull 5 Bitcoins and also you solely have 1, 2, and a couple of Bitcoins in addresses A, B and C respectively. Neither pockets has sufficient to pay him. However, you’ll be able to ship him the Bitcoins from all three addresses to Mr Bull.

Another situation, you will have 5 Bitcoins in your deal with. But you solely wish to ship Mr Bull one. You want to tell the miners, “I have 5 Bitcoins, I want to send 1 to Mr Bull, and send the rest to myself.” It may very well be to both the unique deal with, or to a brand new one.

Don’t overlook to take action! Otherwise, miners will take the remainder of the Bitcoins as transaction price.

This is how Bitcoin’s change addresses work.

Watch the video right here!

Huobi Pro will publish a query in our Tweet by way of our Twitter account (https://twitter.com/Huobi_Pro) every time we put up an episode of Blockchain 101 publish on our Twitter account, we’ll randomly choose 20 individuals who answered within the format [UIDxxxxxxxx, correct answer] and retweet our publish will likely be entitled to 1 HT every. Note that the UID entered MUST be a sound Huobi registered account.

What are you ready for? Fastest fingers first! Grab your HT now!

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