Post
Topic
Board Beginners & Help
Re: Help me understand how to read the blockchain transaction history..
by
LoyceV
on 17/12/2019, 21:26:59 UTC
Firstly, to confirm, is 'input' the sender/spender and 'output' the receiver of the bitcoins?
Correct.

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Is the link above ONE transaction, i.e. when a person pays x BTCs from his wallet to another wallet?
Yes.

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If so, why are there multiple ins and outs?
The sender uses Bitcoins from different addresses. Compare it to paying in cash: you give a $20, a $10 and a $1 bill.
One transaction can pay to more than one address. In this case, there are 2 outputs, so it's likely one of them is a change address owned by the sender. In dollar terms: think of it as getting a nickel back.

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Is the 'hash' (also in the URL) basically the 'transaction reference (or number)' so to speak?
Yes.

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Is the fee (0.00105 BTC in the example) always paid by and deducted from the sender?
Yes. Note that this fee was much higher than needed for this transaction.