2

From what I understand change addresses are automatically generated when you use sendtoaddress but what I don't understand is why these change addresses don't become automatically associated with the sending account. What is the reason for this?

  • I'll have to double check, but I believe they're assigned to the default account, which is none or "" – Wizard Of Ozzie Aug 12 '15 at 9:16
5

Bitcoin Core's wallet interprets Bitcoin transactions as payments. A payment is sending money from one entity to another, and is independent from what exact coins were sent and how much change was given back.

When you have a transaction which spends a coin of yours A, and sends it to addresses X and Y, with X being an address of yours, the payment is assumed to have amount A - (value of coin sent to X), and to be going to Y.

X is not associated with an account because the software does not expect payments to it, only a single transaction output which is a low-level detail of how one particular payment occurred.

That said, because of this, and various other confusing parts of the accounts system and their inability to be used in a best practices way, they are deprecated and will be reduced to just address labels in a future version.

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.