I'm sure this has been asked before... but this is the newbie forum right? Can someone explain to me how change addresses work?
So lets say I have a wallet in multibit with 5 addresses and 1 BTC has been sent to each address. An address is one key pair right, so essentially each of the private keys has 1 BTC... I think?
So now I send someone 3.5 BTC. What happens? Am I left with one address with 1 BTC and another address with 0.5 BTC, if so how does Multibit decide what addresses to take the coins from? Or am I left with one address with 1.5 BTC and all the others empty, if so how does multibit decide which address is the "change address"?
So lets say I have a wallet in multibit with 5 addresses and 1 BTC has been sent to each address. An address is one key pair right, so essentially each of the private keys has 1 BTC... I think?
So now I send someone 3.5 BTC. What happens? Am I left with one address with 1 BTC and another address with 0.5 BTC, if so how does Multibit decide what addresses to take the coins from? Or am I left with one address with 1.5 BTC and all the others empty, if so how does multibit decide which address is the "change address"?