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Author Topic: Help me understand this Dogecoin transaction  (Read 51 times)
superbotolo (OP)
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November 08, 2021, 10:10:55 PM
 #1

I was checking a few transactions online on the Dogecoin network, and I found this one:

https://blockchair.com/dogecoin/transaction/457e7bf8060f6040d571b6451a31eccab51dd919a9d98b2fa11db8f2a69a5a48

I see several sends from the same address to one single address. What's going on here? Was a single send split for some reasons in multiple smaller sends?
Yogee
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November 08, 2021, 10:41:21 PM
Merited by hosseinimr93 (1)
 #2

I'm not too familiar with the Doge chain but a wallet can generate different addresses so this is probably coming from a single wallet provider and the owner is just consolidating them into one. You see the same type of transactions on Bitcoin with many outputs.
hosseinimr93
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November 09, 2021, 12:11:05 AM
 #3

As stated by Yogee in the above post, you can find so many transactions like this in dogecoin and bitcoin blockchain as well.
If you have received x transactions and you want to spend all the fund in single transaction, your transaction will include x inputs.

Note that it doesn't matter whether you have received the all the transactions in a single address or different addresses.
Even if you have received all x transactions in a single address, you still have x UTXOs.

In the transaction you are referring to, the sender has spent 34 UTXOs in a single transaction.

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▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
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