Understanding the Outputs of Bitcoin Transactions and Source Addresses
When sending a cryptocurrency such as Bitcoin (BTC), it is necessary to understand the concepts of transaction outputs and source addresses. In this article, we will immerse ourselves into what happens when, after setting a specific output of the transaction, it is sent to the source address to the source address.
Transaction Outputs
In bitcoine, each transaction contains multiple outputs that are essentially “spending” or “expenditure” for different repeats. The transaction output consists of the following components:
- Output Index : A unique identifier that identifies the output.
- Signature of Script : Digital signature that verifies the authenticity and authorship of the output.
- Script : The actual code that creates the output that determines how much of the output value is assigned to each recipient or address.
Source Addresses
The source address is a unique identifier used in Bitcoin transactions to determine where the resources should be sent. When you send a cryptocurrency from one wallet to another, it is common for more wallets to share the same source address. This allows users to consolidate their funds in different accounts without having to carry them manually.
Another BTC Sent to the Source Address
Let us return our Example with 3 Addresses and Specific Transaction Output:
* Target (source) Address : 0.1mvtbyf2P3b9g4j4c6c2x5VQDZ7UXG '
* Initial Transaction Output :
+ Signature of Script:304A01E56D00CFCBE8D5D078DD2E8C454A9DF53F1CF6BBBB35F5F4CAEBD9 ‘
+ Script: 0x ... (encrypted script code)
* Initial Output Value : 1 BTC
Another BTC Sent to the Source Address
If you want to serend the next bitcoin (2 btc) to the destination address, you should:
- Open a new transaction output in your wallet.
- Set the output index to match the initial output index.
- Add the Script signature and the encrypted script code for this particular output.
In this example, the additional 2 btc would be assigned to the same source address (0.1mvtbyf2p3b9g4j4c6c2x5vqdz7uxg ') without creating a new transaction or reuse existing.
Processing and Verification
If you create a transaction with another bitcoin sent to the source address, it is necessary that your wallet software process and verify the transaction. Wallet Will Be:
- Verify the Script Signature: Make Sure the Output has been properly signed by the Sender.
- Find the Script Code: Make sure the encrypted script code is valid and corresponds to the expected format.
- Update the Transaction Output Values: Increase the Output Value for the Destination Address (0.1MVTBYF2P3B9G4C6C2X5VQZ7UXG ‘).
Conclusion
Finally, when sending additional bitcoins to the source address after setting the special transaction output, it is necessary to understand how the wallet software processes and verifies transactions. According to these steps, you can ensure that your cryptocurrency funds are correctly assigned and consolidated in multiple wallets.
Please note that this article provides a basic understanding of Bitcoin concepts and is not intended as investment advice or guidance. Always examine and consult with experts before making significant financial decisions in the cryptomen area.