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Bitcoin Address Balance Calculation: Fast Guide
An important aspect of Bitcoin management is the balance of Bitcoin’s address. But what really is this balance? And how is it calculated? In this article, we divide the step -by -step process.
What is Bitcoin address balance?
Bitcoin’s address balance refers to the total UTXOS (non -spent output of transaction results) related to this particular address. Think about it as the number of transactions completed using this address. The law essentially indicates the amount of “values” or “values” of your Bitcoin address.
How is the balance calculated?
To calculate the balance, you need to know two things:
1
Current block number
: This indicates where you are in the blockchain.
- The total UTXO number of this address for the current block number : This includes all transactions completed using this address in the current block.
Here is a simple formula to calculate the balance:
Balance = UTXOS / Total Block Number
Where “block number” is the current block number. For example, if you want to know your balance in the 1234567890 block, you will share the total address number with 1234567890.
Calculation Example:
Let’s say we have Bitcoin address with the following transactions:
| Transaction ID The value of the transaction Address type
| — — —
| TX1 100 BTC | Scrip crushing
| TX2 50 BTC | Scrip crushing
| TX3 200 ETH | Scrip crushing
Let’s say we want to calculate the balance in the block 1234567890.
- Total UTXO Account: 3
- Block number: 1234567890
Libra = 3/1234567890 ≈ 0.0000024 BTC
Conclusion:
The current block number and the total UTXO number for this address in this block must be known to calculate the Bitcoin address balance. This simple formula provides a quick way to evaluate balance and make conscious decisions on your Bitcoins farm.
By understanding how to calculate your balance, you can be aware of your Bitcoin investment and make sure your funds are credited in real time.
