Can you please help me understand this

Trishaan

newbie

Activity: 7

Merit: 0

Quote from: VitKoyn on April 16, 2018, 09:48:52 AM

Quote from: Trishaan on April 16, 2018, 08:20:34 AM

The transaction here (transaction ID: 47dd6d76bcbb5ffc97e9388cf640cbbfbd1535e3ad69bc8a6007ef9aab87f7bd) shows two addresses, '131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m' this address received 0.031 BTC.
What is the address looking like thing downside it (bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn) as it shows it received 5.96 BTC.

At first I thought it to be an address or a transaction ID, but on search it tells me it's none of them.
Please help!

I have looked at the transaction ID both address are receiver address and it is possible to send Bitcoin on multiple address in just one transaction, the first address is a legacy Bitcoin address (131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m) and the other one that starts with bc1 is a segwit address (bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn) if you will take a look at this on blockchain.info you will not be able to click it and see the history of transactions on that address and I don't know why, maybe they still don't support segwit addresses. But if you will search it on btc.com (another Bitcoin block explorer) you will be able to see all the information on that address.

Quote from: VitKoyn on April 16, 2018, 09:48:52 AM

Quote from: Trishaan on April 16, 2018, 08:20:34 AM

The transaction here (transaction ID: 47dd6d76bcbb5ffc97e9388cf640cbbfbd1535e3ad69bc8a6007ef9aab87f7bd) shows two addresses, '131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m' this address received 0.031 BTC.
What is the address looking like thing downside it (bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn) as it shows it received 5.96 BTC.

At first I thought it to be an address or a transaction ID, but on search it tells me it's none of them.
Please help!

I have looked at the transaction ID both address are receiver address and it is possible to send Bitcoin on multiple address in just one transaction, the first address is a legacy Bitcoin address (131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m) and the other one that starts with bc1 is a segwit address (bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn) if you will take a look at this on blockchain.info you will not be able to click it and see the history of transactions on that address and I don't know why, maybe they still don't support segwit addresses. But if you will search it on btc.com (another Bitcoin block explorer) you will be able to see all the information on that address.

Thanks guys! You really helped alot😀

VitKoyn

full member

Activity: 490

Merit: 106

Quote from: Trishaan on April 16, 2018, 08:20:34 AM

The transaction here (transaction ID: 47dd6d76bcbb5ffc97e9388cf640cbbfbd1535e3ad69bc8a6007ef9aab87f7bd) shows two addresses, '131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m' this address received 0.031 BTC.
What is the address looking like thing downside it (bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn) as it shows it received 5.96 BTC.

At first I thought it to be an address or a transaction ID, but on search it tells me it's none of them.
Please help!

I have looked at the transaction ID both address are receiver address and it is possible to send Bitcoin on multiple address in just one transaction, the first address is a legacy Bitcoin address (131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m) and the other one that starts with bc1 is a segwit address (bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn) if you will take a look at this on blockchain.info you will not be able to click it and see the history of transactions on that address and I don't know why, maybe they still don't support segwit addresses. But if you will search it on btc.com (another Bitcoin block explorer) you will be able to see all the information on that address.

franky1

legendary

Activity: 4424

Merit: 4794

addresses starting 'bc1q' are segwit addresses

haroldtee

sr. member

Activity: 644

Merit: 299

First of all you can do multiple transaction at once as a sender, if you are trying to send to more than 1 person at once.

Secondly, the two addresses that you saw that received bitcoin are both bitcoin addresses. However, we have three type of addresses for bitcoin which depends if you are using a legacy or segwit wallet.

P2PKH addresses are the ones that starts with 1 (legacy address), P2SH addresses starts with 3 and Bech32 starts with b.

P2SH and Bech32 are both segwit addresses and segwit came about as a result of solving the scaling issues with bitcoin.

I guess I have given you enough clue and you can make use of Google to dig further.

Cheers!

Trishaan

newbie

Activity: 7

Merit: 0

Quote from: Xester on April 16, 2018, 08:27:06 AM

I have checked the transaction ID and it was just fine. The transaction were successful and the btc was sent to the addresses that they were meant to. But we are also confused by your query since you did not post if you are the sender or you are the receiver. Also please post the btc address you are sending bitcoin if you are the sender, and your btc address if you are the receiver. Only if you post complete information that we can answer you since if we only look the txid the transaction was successful.

Kindly see the info added

Trishaan

newbie

Activity: 7

Merit: 0

The sender address is 3L6MAYMPosnZPuuuoqZ1YuaZ6Dy33uYD6D

While receiver address is 131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m.

I am neither sender nor receiver. I am just trying to understand and read a blockchain transaction and so need help!

Under txn id: 47dd6d76bcbb5ffc97e9388cf640cbbfbd1535e3ad69bc8a6007ef9aab87f7bd
a total of 6 BTCs were transferred, out of which 0.032 BTC were received by address '131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m' and the rest were sent to 'bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn'.

I wish to know what is this 'bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn'?

I looked for it on the blockchain but it's neither an address nor a transaction ID. So what is it exactly?

Xester

hero member

Activity: 994

Merit: 544

I have checked the transaction ID and it was just fine. The transaction were successful and the btc was sent to the addresses that they were meant to. But we are also confused by your query since you did not post if you are the sender or you are the receiver. Also please post the btc address you are sending bitcoin if you are the sender, and your btc address if you are the receiver. Only if you post complete information that we can answer you since if we only look the txid the transaction was successful.

Trishaan

newbie

Activity: 7

Merit: 0

The transaction here (transaction ID: 47dd6d76bcbb5ffc97e9388cf640cbbfbd1535e3ad69bc8a6007ef9aab87f7bd) shows two addresses, '131vmwpwQqbuQtLWE3vKg9LYNyTsewtb6m' this address received 0.031 BTC.
What is the address looking like thing downside it (bc1ql8nvf24a0s3nqnw270f5kvr6c8mrg4a3qw8cvn) as it shows it received 5.96 BTC.

At first I thought it to be an address or a transaction ID, but on search it tells me it's none of them.
Please help!

Topic: Can you please help me understand this (Read 197 times)