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Author Topic: Bitcoin wallet and blockchain sync  (Read 2337 times)
btoole
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April 30, 2012, 02:47:30 AM
 #1

This may sound like rather a dumb question but should one's bitcoin wallet and blockchain show the same balance ? Mine don't and I feel like I am missing something here.

Thanks !
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Foxpup
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April 30, 2012, 04:44:54 AM
 #2

No. Because of the way Bitcoin transactions work, each transaction you send must be exactly equal to one or more transactions you have previously recieved, eg, if you received a payment of 10 BTC and want to spend it, you must spend the whole 10 BTC in one transaction. If you want to spend less than that, the transaction is split into two parts: one part is what you're actually spending, and the remainder is sent to yourself at a new address as "change". eg, if you spent 1 BTC in the above example, then your entire 10 BTC balance would be spent and you would send 9 BTC to yourself as change. Since change is sent to a different address (which is not displayed in most clients), it won't show up in blockexplorer under your original address. The balance displayed in blockexplorer will always be less than the true balance for this reason; the amount shown in your wallet is the correct one.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
Stephen Gornick
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April 30, 2012, 11:12:55 AM
 #3

A great resource for understanding the flows of your funds is the Dendogram feature provided by BlockChain.info.

In the search box paste your address, then click on the transaction where you received funds at that address (may need to scroll down to find it), then in that transaction view click Dendogram.



 - http://www.Blockchain.info

btoole
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April 30, 2012, 11:35:23 AM
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aha !  both replies really help.... thank you so much....

b
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