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Calculating Your Bitcoin Address Balance: A Quick Guide

When it comes to managing Bitcoin, one of the most important aspects to understand is your Bitcoin address balance. But what exactly is this balance? And how is it calculated? In this article, we’ll walk you through the process step by step.

What is a Bitcoin address balance?

A Bitcoin address balance refers to the total amount of UTXO (unspent transaction outputs) associated with that particular address. Think of it as a running count of all transactions that have been completed using that address. The balance essentially tells you how much “worth” or “value” your Bitcoin address has.

How ​​is your balance calculated?

To calculate your balance, you need to know two things:

  • Current block number: Indicates where you are in the blockchain.
  • Total UTXO for this address in the current block number: Includes all transactions that were completed using this address before the current block.

Here is a simple formula to calculate the balance:

“Balance = Total UTXO / Block Number”.

Where “Block Number” is the current block number. For example, to find your balance in block 1234567890, you would divide the total UTXO for that address by 1234567890.

Example Calculation:

Ethereum: How is the balance of a Bitcoin address quickly calculated?

Let’s assume we have a Bitcoin address with the following transactions:

| Transaction ID | Transaction Cost | Address Type |

| — | — | — |

| TX1 | 100 BTC | Script Hash |

| TX2 | 50 BTC | Script Hash |

| TX3 | 200 ETH | Script Hash |

Let’s say we want to calculate the balance in block 1234567890.

  • Total UTXO: 3
  • Block number: 1234567890

Balance = 3 / 1234567890 ≈ 0.0000024 BTC

Conclusion:

To calculate the balance of a Bitcoin address, you need to know the current block number and the total number of UTXOs for that address in that block. This simple formula provides you with a quick way to assess your balance and make informed decisions about your Bitcoin holdings.

Once you understand how to calculate your balance, you can track your Bitcoin investments and ensure that your funds are being accounted for in real time.

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