The bitcoin transaction will have one input (the unspent outputs of the bitcoin transaction through which you received those Five BTC) and create two different outputs when you send money to Joe.

The bitcoin transaction will have one input (the unspent outputs of the bitcoin transaction through which you received those 5 BTC) and create two different outputs when you send money to Joe.

Bitcoin For Dummies

At its simplest, a bitcoin transaction works by you providing someone else a designated amount of the BTC you own. Te order for a bitcoin transaction to be deemed “valid,” there has to be at least one input, albeit numerous inputs are possible spil well. An input is a reference to an output from a previous transaction. Continue reading The bitcoin transaction will have one input (the unspent outputs of the bitcoin transaction through which you received those Five BTC) and create two different outputs when you send money to Joe.