Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Bitcoin Transaction Processing
by
witcher_sense
on 25/04/2023, 08:14:49 UTC
⭐ Merited by ETFbitcoin (1)
I have a short question to ask to ask. I have noticed that whenever it is the cutoff day for signature campaign payment, the manager will be - see a example below from BestChange Signature Campaign

Quote

Sometimes, when I click to check, I see a lot of addresses. I have a vague idea that it is for processing the payment(correct me if I am wrong). The question I have is:  how are the payment transactions processed? What actually goes on there?
What a campaign manager is doing is called a bulk payment, that is, creating a transaction with many outputs. Many wallets offer such a functionality, for example it can be achieved with Electrum: https://electrum.readthedocs.io/en/latest/faq.html#can-i-do-bulk-payments-with-electrum-batching

When preparing a transaction, a compaign manager also specifies which UTXO to use as inputs in a transaction: it is called the coin control. Again, Electrum as an example of a wallet that has this: https://coinguides.org/coin-control-spend-specific-utxo/