Let’s face it, at times learning the ins and outs of Bitcoin when you’re a beginner can be daunting. Bitcoin at its core can be technical in nature (think of how technical it is to understand how the Internet works too) and for the layman, understanding its intricacies may prove difficult. Seeing the Blockchain address and transaction page for the first time may also be confusing. To make it easier to understand, we wanted to provide users with a breakdown of the Bitcoin addresses page, to help you understand exactly what it is you’re seeing and how to use it.** **
We’ll** start top to bottom**
We are using a random Bitcoin address pulled from a recent transaction in the blockchain as an example. Here is the URL: https://blockchain.info/address/134ZnmvWpGDGSwU6AnkgSEqP3kZ2cKqruh
On the upper left of the page, you will see the Summary section, which looks like this:
- The Address is the Bitcoin public address. It is safe to share this with others. Never share your Private Bitcoin address with anyone though.
- Hash 160 is a technical term for the cryptographically hashed Bitcoin public address in a shorter format. For the more technically minded, learn more about Hash 160 here.
- Tools links to other tools that we provide to help review Bitcoin addresses and their transaction history.
The upper right side of the page is a bit more simplistic, showing the number of transactions, total bitcoins received, and final bitcoin balance. In addition, you can click Request Payment to create a unique QR code for a certain amount of bitcoins or dollars. The Donation Button helps users create a Bitcoin donation widget for your blog or website.
The bottom section labeled Transactions is for all of the transactions associated with each public Bitcoin address. As you can see, this address above has separate transactions, listed with the oldest on top. Let’s go through each section to better understand it.
d2bb09337bda991846764d62e7770f3ec69831cdec425e770a1c14f604ddd77b – this is the transaction number.
134ZnmvWpGDGSwU6AnkgSEqP3kZ2cKqruh (0.01415567 BTC – Output) – this is the public Bitcoin address the funds are being sent from, displaying the amount of bitcoins being sent (output).
– the red arrow means that funds are being spent (paid) from this address (as opposed to green arrows where the address is receiving funds).
1CNXMWGyuB2wn1f9UxKrKD7QmY7HzxJons – (Unspent) 0.00263038 BTC – this is the receiving public Bitcoin address.
1JjtCiHBcMB5cvfR7mRr9vATFvSsqYNWTp – (Unspent) 0.01142529 BTC – this is the public Change address associated with the sending public Bitcoin address. Learn more about change addresses.
# Confirmations – the blue button shows the # of confirmations this transaction has had. Confirmations are how many times the transaction has been validated by the Bitcoin network.
-0.01415567 BTC – the red button shows the total amount being sent in this transaction, which includes both the spent funds and the change funds.
Taking all of this together, we put the entire page into one graphical representation with tips on how to understand the whole page. If you have any questions, never hesitate to reach out to us via our Support Desk or on Twitter: @Blockchain.