How Do I Change My Registered Agent In Texas
What are 'Alter Addresses'?
Accept y'all always examined your Bitcoin receive addresses on a blockchain explorer and found that the balance doesn't add up to the total displayed by your Exodus Bitcoin wallet?
This article is here to help!
In this article:
- What is happening?
- What is change in a UTXO based crypto?
- Example of how change addresses work
- How change addresses piece of work on the blockchain
- Why not receive change to the same address?
What is happening?
Don't worry! At that place's nothing incorrect with your wallet this is how some cryptos work because they are UTXO based assets. UTXO stands for Unspent Transaction Output. With these types of cryptos, your wallet's full residuum is actually the rest of several addresses, which includes receiving addresses and change addresses.
Some UTXO based cryptos that Exodus supports are: BTC, LTC, Dash, DCR, BCH, BTG, DGB and BSV. Each of these assets has multiple alter addresses that are managed by your wallet. To understand what change addresses are, nosotros starting time should understand the concept of change.
What is change in a UTXO based crypto?
UTXO cryptocurrencies piece of work in a similar fashion to concrete cash.
Example of how change addresses piece of work
Let's say y'all are paying for a meal, and it costs $20. Yous reach into your pocket and pull out a $l bill that you paw to the waiter, who returns with $30 in alter, which yous then put in your wallet. Using Bitcoin in this example. Any Bitcoin you've received in your Bitcoin wallet is like "bills" waiting to exist spent.
Imagine that y'all are paying for your meal with Bitcoin and it costs 20 BTC (an expensive meal). You have 50 BTC inside of your wallet. So when you lot pay your twenty BTC for your repast, y'all receive 30 BTC in alter every bit expected. This change is sent to another address controlled past your Bitcoin wallet, called a modify accost.
How change addresses work on the blockchain
Later making a transaction. instead of sending your leftover BTC back to the aforementioned address, your wallet automatically sends it to a different alter address that is also office of your Bitcoin wallet. The leftover change does not e'er leave your Bitcoin wallet merely it moves to a different address.
Each time yous make a transaction that doesn't send your whole residue, the leftover alter will be sent back to a different Bitcoin accost. This is why when you lot look up one accost on a block explorer, y'all but see office of your balance, your Exodus wallet knows to look at all of your addresses to see your total balance.
This is how all UTXO based cryptocurrencies work!
If you desire to come across all your addresses you tin consign the addresses for each crypto from the asset menu and look each one upwardly on a block explorer.
Why non receive change to the same accost?
Now, you might be thinking: This is actually disruptive, why not receive alter to the same Bitcoin address?
Change addresses are important for user privacy. The blockchain is viewable past anyone with an Internet connection. To preserve some degree of anonymity, features similar modify addresses are needed, otherwise, everyone would easily know everyone else'southward entire financial history, which is something nigh people don't desire.
For Example: if a transaction for 1 BTC moves a 2 BTC UTXO from address X to address Y, and the ane BTC of alter is returned to address 10, it would be obvious that address X paid address Y. On the other hand, if the 1 BTC of modify is returned to a alter accost, address Z, it wouldn't be articulate if the original payment of one BTC was meant for address Y or address Z, since both received 1 BTC.
Finally, the side by side time you cheque the balances of your receiving addresses and encounter the balances don't add together up to what's shown in your wallet, you'll know that y'all don't need to worry. Your assets are tucked away safely in change addresses that not only allow you to receive modify merely also raise your financial privacy.
Source: https://support.exodus.com/article/109-what-are-change-addresses
Posted by: leblancalubly.blogspot.com
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