fiat currency:</p>\n<ul>\n<li><strong>The input will be fiat money.</strong></li>\n<li>The output will be 1ETH.</li>\n</ul>\n<p>In addition, any <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin you&rsquo;ve been sent to your Bitcoin wallet can be referred to as &ldquo;bills&rdquo; that should be spent. To put things into perspective, let&rsquo;s say you are out on a date in an expensive restaurant and you need to pay 20 BTC for your meal. You have 50 BTC in your wallet, so you&rsquo;ll get <strong>30 BTC</strong> in change.&nbsp;</p>\n<p>The main factor is that the change will be sent to another address that is managed by your Bitcoin <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallet - a change address.</p>\n<p>Even though it might seem that receiving a change to the same address is less confusing, different addresses are important for users' privacy. As we all know, the blockchain can be seen by anyone, this feature helps to give some level of anonymity to the user.</p>\n<p>It is possible to view your changed address as well as how much of the payments were transferred through it. The blockchain determines how much a sender is bringing in and how much output is required.</p>\n<p>The transaction will crash if the input is inadequate. If the input exceeds the specified output, the blockchain will transfer the leftover money to a new address. The money will be restored to the sender's wallet moments later.</p>\n<p>Inputs are not always calculated to the exact amount required by the transaction. In this situation, the sender's address sends extra money than the set price, <strong>which is then held in a change address and refunded to the sender's digital wallet.</strong></p>\n<p>Change address is a critical component of the cryptocurrency world. One of the reasons is it ensures that interactions across wallets are fair. It would be impossible to transfer exact numbers across wallets without the use of change addresses.&nbsp;</p>\n<p>Furthermore, people often are unaware that change addresses exist. While this procedure occurs more frequently than we may believe, it is a side computation conducted by the blockchain itself.</p>","level":"medium","meta_title":"What is Change Address? 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":168,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Chicago Mercantile Exchange (CME)?","slug":"what-is-chicago-mercantile-exchange-cme","section":"C","keyword":"Chicago Mercantile Exchange (CME)","status":"published","definition":"is one of the largest and most essential exchanges in the United States.","content":"<p><strong>Chicago Mercantile Exchange (CME) was founded as &ldquo;Chicago Butter and Egg Board&rdquo; in 1898.</strong> The exchange gave foods and beverages as the futures and stocks prior to becoming the dominant exchange provider in the industry.</p>\n<p>To be exact, it was in 1919 that the popular exchange became a standard among traders as Chicago Mercantile Exchange.</p>\n<p>To be fair, CME is considered to be the stepping stone of revolution in the United States stock market since:</p>\n<ul>\n<li>It is one of the very first exchanges that began to provide features.</li>\n<li>It showcased the first interest bond in the U.S.</li>\n<li><strong>It was the first exchange that became a corporation.</strong></li>\n</ul>\n<p>According to CME statistics, the business manages roughly 3 billion agreements with average revenue of around $1 quadrillion. As a result, the CME group is one of the most respected exchange service providers in the United States. The CME's enormous success is due to the group's ongoing diversification of the tools and goods it provides to investors.</p>\n<p>CME has a Globex platform, the guide in presenting digital trading back in 1987. By presenting the futures to the global trading industry, CME guides the world through the adoption of the asset on traditional exchanges.</p>\n<p>The CME exchange merged with the Chicago Board of Trade, thereby becoming the CME group. Ever since the CME has been rapidly acquiring full or partial control of other exchanges around the United States. Such as the <strong>New York Merchantile Exchange (NYMEX) and Commodity Exchange, Inc. (COMEX).</strong></p>\n<p>In addition, CME Group purchased a 90% stake in the Dow Jones equities and financial benchmarks in 2010, as well as the Kansas City Board of Trade IN 2012.</p>\n<p>The Chicago Mercantile Exchange began actively trading <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin futures in 2017. Furthermore, trading in futures has piqued the interest of both institutional and private investors during the last few decades.</p>\n<p>The CME group and all of its exchanges strive to create a structured, controlled environment with high liquidity in which investors may readily take chances and profit from price fluctuations in various assets.</p>","level":"medium","meta_title":"What is Chicago Mercantile Exchange (CME)? Definition & Meaning | Crypto Wiki","meta_description":"Chicago Mercantile Exchange (CME) meaning: Chicago Mercantile Exchange (CME) - is one of the largest and most essential exchanges in the United States.","meta_keywords":null,"language":"en","created_at":"2022-02-22T14:42:53.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-chicago-mercantile-exchange-cme"},"prevSection":{"id":166,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Certificate of Deposit (CD)?","slug":"what-is-certificate-of-deposit-cd","section":"C","keyword":"Certificate of Deposit (CD)","status":"published","definition":"is a savings account that keeps a fixed amount of money for a set period of time and allows users to earn an interest rate premium after making a deposit.","content":"<p><strong>A certificate of deposit (CD) is a product offered by credit unions and banks that guarantees an interest rate premium in return for the consumer committing to keep a lump sum deposit undisturbed for a set length of time.</strong></p>\n<p>Nowadays, credits open a variety of opportunities for individuals to buy anything they wish for without having the needed amount in hand, at that time. But the scenario can go the other way. For instance, when customers have gathered enough capital they might want to start earning from it.</p>\n<p>A certificate of deposit (CD) is one of the options that can help to engage in this process.</p>\n<p>CDs work in the cryptocurrency sector in the same way that they do in traditional finance. To be more specific, crypto investors lock up a chunk of their token savings and obtain a fixed or variable interest rate based on that investment.</p>\n<p>Nevertheless, cryptocurrency-based CDs are obligated to perform an essential clarification, since the prices can experience peaks and adjustments. In regards to that, the return rate on <strong>a</strong> crypto-backed CD varies in equivalence with the price movement of the given token.</p>\n<p>Certificates of deposit&nbsp;are dependent on deposits in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currencies, the prices of which seldom fluctuate significantly.</p>\n<p>REX is one of the most popular CD tokens. It is the <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance</strong></a> Smart Chain token, or a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bep-20/">BEP-20 token, which indicated that it can be utilized in a lot of different decentralized finance applications that are built on BSC. The development of REX was the very first attempt to mix traditional finance interest structure with blockchain technology.</p>\n<p>HEX is another example that has stepped into the ecosystem. The main difference is that HEX is <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum-based, meaning that it might have higher gas fees for users.</p>\n<p>The terms and conditions of the certificates of deposit tend to change depending on the issuing institution, and the amount the user wants to deposit. Besides, CDs are one of the most efficient ways to earn a passive income.</p>\n<p>A few of the CD terms:</p>\n<ul>\n<li><strong>The principal.</strong> The amount of savings you allow to deposit.</li>\n<li>The interest rate. Delivers a systematic and standardized return on your deposit over a certain period of time.</li>\n<li>The term. The length of time you leave your funds deposited to avoid any penalty.</li>\n<li>The institution. The credit union or a bank where you open your CD. It will determine aspects of the agreement.</li>\n</ul>\n<p>Certificates of deposit are one of the safest savings or investment instruments available. Also, they often offer higher interest rates paid by many bank accounts, unlike most other investments.</p>","level":"medium","meta_title":"What is Certificate of Deposit (CD)? Definition & Meaning | Crypto Wiki","meta_description":"Certificate of Deposit (CD) meaning: Certificate of Deposit (CD) - is a savings account that keeps a fixed amount of money for a set period of time and allows users to earn an interest rate premium after making a deposit.","meta_keywords":null,"language":"en","created_at":"2022-02-22T14:13:06.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-certificate-of-deposit-cd"},"currentChapter":"C","currentSection":"what-is-change-address","chapterTitle":"C","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-change-address","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">