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Dec 30, 2017 at 7:27 comment added Matthew Stannard It can be slow, but it reduces the amount of space used on the blockchain. It is likely that bitref.com have written an indexing software which maintains a map of used addresses and their balances.
Dec 30, 2017 at 1:00 vote accept nareddyt
Dec 29, 2017 at 23:51 comment added nareddyt Wouldn't this be extremely slow? How can bitref.com determine your balance so quickly?
Dec 29, 2017 at 16:50 history edited Matthew Stannard CC BY-SA 3.0
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Dec 29, 2017 at 16:39 history edited Matthew Stannard CC BY-SA 3.0
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Dec 29, 2017 at 16:24 history answered Matthew Stannard CC BY-SA 3.0