(no title)
shizzy0 | 8 years ago
I think it's natural to think of addresses as having a certain amount of bitcoin in them like an account at a bank. But bitcoin doesn't actually have accounts with balances. It just has transactions that have yet to be spent. You can calculate the amount of bitcoin that is spendable by an address so it looks like an account, which is what every wallet does but underneath it's just a collection of transactions that point to some address that you have the private key of.
No comments yet.