Change Address

« Back to Glossary Index

In the crypto space, it is the address where the change from a transaction is temporarily stored before it is returned back to the sender wallet. A change is a concept that is quite relevant to the use of the UTXO model and is considered as the number of digital coins that is sent back to the user after they have used their unspent outputs for initiating a transaction.

« Back to Glossary Index

Check Also


New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …