3

Taking a sample block on blockexplorer, I see that the generation reward is split between lots of recipients, I figure this is the pool that solved.

But looking at other transactions, there a few with over 100 'From' addresses, and a single 'To' address. The only reason I could think of, is merging many wallets into one. Since I see this in every block I am looking at, I wonder if there's another use-case.

Thanks!

1

First, if there is more than one 'From' address in a transaction, all of them necessarily have to be controlled by the same entity as each private key is required to sign the transaction.

Therefore, I see a few possibilities:

  1. Somebody is consolidating a lot of small sums from different addresses to a single address owned by himself. This could be for example an Exchange moving deposits to cold storage, or a merchant preparing to pay his wholesale dealer. Alternatively, somebody needs to prove ownership of a discussed amount and moves everything to one address in order to sign a message proofing his wealth.

  2. Somebody wants to pay a large sum, but doesn't have a single address that contains the full amount, so they source the payment from many smaller amounts.

  3. Somebody is withdrawing a larger sum from an Exchange, Gambling Site or Online Wallet Service that hadn't been deposited in bulk.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.