Why am i picking up 2 blockchains for my BTC address
Why do I have two BTC addresses?
Your Exodus wallet manages multiple Bitcoin (BTC) addresses, not just one. Each time you make a BTC transaction, your wallet also uses change addresses to receive leftover transaction-output change. For increased privacy, your Exodus wallet can generate a new address each time you receive bitcoin.
Can BTC enter the same blockchain address?
Use a different bitcoin address for every transaction. Keep in mind that there is — technically — nothing wrong with using the same address over and over again, but using a new address for every transaction creates an additional layer of privacy protection. Every bitcoin address is a specific invoice for a payment.
What might be a reason for a bitcoin transaction to have multiple inputs?
A bitcoin transaction can have multiple inputs. This is usually the case when a wallet generates different addresses and sends multiple smaller amounts to the recipient. These small amounts have been previously received as “change”, therefore they are relatively small.
Can a Bitcoin wallet address be used twice?
Definitely yes, you can use your bitcoin wallet address as many times as possible. As of blockchain, the wallet address changes after every deposit. Nevertheless, you will always receive your bitcoin because all the wallet addresses are attached to your wallet ID.
Why does my BTC wallet address change?
This change is sent to another address controlled by your Bitcoin wallet, called a change address. This process happens for every transaction you make. As you might imagine, the more transactions from your wallet, the more change addresses are linked to your Bitcoin wallet private keys.
How do I know if my Bitcoin address is valid?
Some key facts about valid Bitcoin addresses: A Bitcoin address is between 25 and 34 characters long; the address always starts with a 1; an address can contain all alphanumeric characters, with the exceptions of 0, O, I, and l.
How do I stop double-spending in blockchain?
In summary, the blockchain prevents double-spending by timestamping groups of transactions and then broadcasting them to all of the nodes in the bitcoin network. As transactions are time-stamped on the blockchain and mathematically related to the previous ones, they are irreversible and impossible to tamper with.
Can a cold wallet have multiple addresses?
Anyone who knows the address (a code that looks like a long serial number) can send bitcoin to this wallet. In this sense it is similar to the account number and sort code of a conventional bank account. However, unlike a bank account, one wallet can have multiple receiving addresses generated by its public key.
Can bitcoin be duplicated?
Cannot be copied: Because Bitcoin operates on a blockchain ledger, no one can counterfeit a Bitcoin. The blockchain keeps track of the transactions and ensures the system continues to operate based on the original rules put forth by Satoshi Nakomoto.
What do BTC addresses start with?
Bitcoin addresses are 26-35 characters long, consist of alphabetic and numeric characters, and either begin with “1”, “3”, or “bc1”.
How long does a BTC address last?
Bitcoin addresses don’t expire. Once Bitcoin addresses are generated they never vanish. Always remember to hold the private keys. Once Bitcoin addresses are generated they never vanish.
Can I use old BTC address?
Yes. Funds sent to old addresses will still belong in your BitPay wallet balance. Although not recommended, you can reuse old addresses to manage funds in your BitPay wallet.
How do you overcome double-spending?
How to Combat Double-Spending?
- Centralized Clearing Counterparty. Centralization can potentially mitigate the inherent risk of double-spending in transacting digital currency. …
- Blockchain. Decentralized digital currencies, such as Bitcoin, utilize consensus mechanisms that verify transactions with certainty.
How do you solve double-spending problems?
Here are some examples of how you can double-spend a digital currency: Copy a coin and send it to another person while still keeping back the original one. Send the same coin to two different people at the same time. Alter a transaction that has been already been made while keeping the goods and the money.
What is the double spend problem in blockchain?
Double-spending is the risk that a cryptocurrency can be used twice or more. Transaction information within a blockchain can be altered if specific conditions are met. The conditions allow modified blocks to enter the blockchain; if this happens, the person that initiated the alteration can reclaim spent coins.
Can you destroy blockchain?
To manipulate a cryptocurrency network is extremely difficult. Erasing or overwriting a block of already spent Bitcoin, known as “double spending”, is rendered impossible by the decentralised, chronological and computing, power-intensive characteristics of the Bitcoin blockchain.
Can a blockchain be copied?
There is no such thing as a “bitcoin” that can be copied. Rather, there is a list of all the transactions that have taken place on the bitcoin network and the order they have taken place.
How do I stop a blockchain transaction?
No, we’re unable to cancel or reverse your transaction. Even many advanced cryptocurrency users can recall an incident when they failed to double-check their transaction details and they accidentally sent funds to the wrong recipient, or sent the wrong amount.
What happens if I send bitcoin to an old wallet address?
Yes. Funds sent to old addresses will still belong in your BitPay wallet balance. Although not recommended, you can reuse old addresses to manage funds in your BitPay wallet.
Does my BTC address change?
Your address for Bitcoin and Bitcoin-based crypto assets changes every time you receive a transaction. For other crypto assets (Ethereum, XRP, Stellar, etc.) the address stays the same. Bitcoin transactions are public information.
What is my Bitcoin address Blockchain?
You can find your Bitcoin Cash (BCH) or Bitcoin (BTC) address for receiving payments into your Bitcoin.com wallet by tapping “Receive” on the bottom toolbar of your wallet. Your address will be the long string of numbers and letters directly below the QR code for that address.
Do BTC addresses expire?
Bitcoin addresses don’t expire. Once Bitcoin addresses are generated they never vanish. Always remember to hold the private keys. Once Bitcoin addresses are generated they never vanish.
How do I change my Blockchain wallet address?
This change is sent to another address controlled by your Bitcoin wallet, called a change address. This process happens for every transaction you make.
- Log in to your Paxful account and head to the Wallet page.
- Click Receive in your Bitcoin wallet.
- Select Get new address.
- From there, your new wallet address will appear.
Is blockchain a safe wallet?
A blockchain wallet helps someone exchange funds easily. Transactions are secure, as they are cryptographically signed. The wallet is accessible from web devices, including mobile ones, and the privacy and identity of the user are maintained.
How does a Bitcoin wallet address look like?
A BTC address is alphanumeric and always starts with a 1 or a 3. This is an example of a receiving address: 3FZbgi29cpjq2GjdwV8eyHuJJnkLtktZc5. A common question is how to get a BTC address. Each wallet automatically generates a bitcoin address.
Can Bitcoin wallet address be traced?
A Bitcoin address by itself is not traceable, as there is no identifying information stored directly on the blockchain. But there are ways that the identity of an individual can be linked to specific wallets they own and transactions they have made. This is why Bitcoin is not anonymous — it’s pseudonymous.
What do Bitcoin addresses start with?
BTC addresses range from 27 to 34 alphanumeric characters, with each one beginning with 1, 3, or bc1. The beginning character in a Bitcoin address depends on the type of address (P2PKH, P2SH, or Bech32). All address formats work with one another.
How do I find the owner of a Bitcoin address?
How to Know Who Owns a Bitcoin Address
- Know Your Customer (KYC) Rules. …
- Searching Bitcoin Address Owners outside the Blockchain. …
- Searching for Published Personal Information Online. …
- Transaction Analysis Tools. …
- Tracking outside Purchases. …
- Tracking IP Addresses. …
- Thin Client and Hosted Wallet Usage. …
- Tracking Crypto Exchanges.
Can the FBI trace Bitcoin?
The trail of Bitcoin addresses allegedly links all that money to online illegal drug sales tracked by FBI and Interpol. If Bitcoin’s privacy shortcomings drive users away, the currency will quickly lose its value. But the demand for financial privacy won’t disappear, and new systems are already emerging.
What can someone do with your Bitcoin address?
These addresses are just like bank account numbers where other parties can see and deposit, but they cannot withdraw or send money from that account. Only the owner of the address has the power to send money if he/she has other private keys.