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What are the four quarters of a Bitcoin transaction?

avatarfeel heartNov 27, 2021 · 3 years ago1 answers

Can you explain the concept of the four quarters in a Bitcoin transaction in detail? How do they contribute to the overall transaction process?

What are the four quarters of a Bitcoin transaction?
Bitcoin
Cryptocurrency
Transaction

1 answers

  • avatarNov 27, 2021 · 3 years ago
    The four quarters of a Bitcoin transaction are an important aspect to understand. The first quarter involves the sender's input, which includes their Bitcoin address and the amount they wish to send. The second quarter is the output, which specifies the recipient's Bitcoin address and the amount they will receive. The third quarter is the transaction fee, which is a small amount paid to miners for processing the transaction. Lastly, the fourth quarter is the change, which is the remaining amount that is sent back to the sender's address if there is any excess from the input. These four quarters ensure the smooth and efficient transfer of Bitcoin.

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