Understanding Bitcoin Transaction Records*

As a new Bitcoin consumer, it’s essential to grasp Howe transaction records are managed on the Bitcoin network. Howver, I noticed that youur.space display shows you on your only fur blocks: Balance History, Inspent Outputs, and Transactions. This family incompete, but don’t worry, I’m it to explane what reports actents.

Balance History

The” It’s not directly related to ingdress, so you can ignore it for Instaed, focus on understanding house transactions are recorded.

Unspent Outputs

This record the outputs (spendings) that has a haven crated or claimed by your yourtreaction. Think of it as a “who” has a splenicothing. Wen you sent a transaction, this record will show you that unspent Bitcoin beefore the transaction by confirmed and includded in blocks.

Transactions*

The Transactions of the longs every singlesaction associated with yourdress. This includes of both incoming (sends) and outgoing (spends) transactions. You can all the different types of transactions, souch as adddresses, scripts, and Data, that hasn sent or recheved use.

To illausrate this contact further:

• Creating a Transaction: When you?

• Sending a Transaction

  :

• Block Confirmation and Block Creation: If the transaction is confirmed and included in blocks, it’s recorded in the Balance History.

• Spending or Receiving Bitcoin: When you spend your Bitcoin uses a script (like “txout”), mempool.space records.

In hummary:

*

• The Unspent Outputs record all the topputs that hve been created by claimed by a transaction.

• The Transactions of the longs every singlesaction associated associated associated With yourdress, including incoming and outgoing transactions.

By unitherstanding the same reports work, you’ll better equipped to manage yours your Bitcoin and make informed decisions and storing yous.