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Understanding the Bitcoin event information
As a new Bitcoin user, it is necessary to understand how transaction records are managed on the Bitcoin network. However, I noticed that the Mempool.Space display shows only four blocks: balancing history, unused outputs and events. This may seem incomplete, but don’t worry, I’m here to explain what each of these records really represent.
Balance History
The “balance history” chart shows the visual presentation of the Bitcoin balance over time. It is not directly related to the address, so you can ignore it for the time being. Instead, focus on understanding how to save events.
Unused outputs
This record shows all your transaction history created or requirements. Think about it “who” has spent something. When you sent an event, this record will show you who had unused bitcoin before the store was confirmed and included in the blocks.
Events
The transaction section lists all events related to the address. This includes both incoming (sending) and outgoing (consuming) events. You can see all different types of events such as payment addresses, scripts and information that has been sent or received by your address.
Further illustrates this concept:
- Creating an event
: When you create a new event, Mempool.space stores it in the section of events.
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- Creating Block Affiliation and Groups : If the event is confirmed and included in the blocks, it is stored in the graph of equilibrium history, as mentioned earlier.
- Consuming or receiving Bitcoin : When you spend bitcoin with a script (such as “txout”), Mempool.space stores outgoing events.
In summary:
- The balance history chart shows the balance changes over time, but it is not directly related to the address.
- The angular record record lists all the prints created or required by your transaction history.
The transaction section lists all events related to the address, including incoming and outgoing events.
Understanding how these records work, you are better equipped to manage your Bitcoin wallet and make conscious decisions on the expenditure and storage of funds.