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Change Address

Change Address - occurs when a user uses an input that is worth more than the transaction cost, the extra funds are sent back to the users as change through a newly generated address. For example, if you were to send 1 BTC to a friend, but the transaction fee was 0.1 BTC, the change address would send the remaining 0.9 BTC back to you. Change addresses help keep your Bitcoin balance secure by ensuring that any excess funds are sent to a new address that only you control.



26 Dec 2023

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